Bank of America Corp (BAC.N) promoted investment banker Jeff Horowitz as head of global real estate, gaming & lodging corporate and investment banking on Tuesday, according to an internal memo. Horowitz, who was head of Americas real estate, replaces Ron Sturzenegger who last week took on a role overseeing Bank of America's $1 trillion problem loan portfolio. Horowitz had been the global head of Merrill Lynch Real Estate before Bank of America bought the firm, according to the memo obtained by Reuters and confirmed by a company spokesman. He will report to Paul Donofrio, Christian Meissner and Michael Rubinoff, co-heads of Global Corporate and Investment Banking.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 1.87% or $-0.12/share to $6.30. In the past year, the shares have traded as low as $6.31 and as high as $15.31. On average, 205155008 shares of BAC exchange hands on a given day and today's volume is recorded at 562899904.
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