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Thomas K. Montag, who has helped build Bank of America into an investment banking powerhouse, has been named the bank’s sole chief operating officer.
Tim Dowling, who oversaw market risk for Deutsche Bank AG (DBK)’s structured finance and non-core unit, has left the firm, two people with knowledge of the move said.
Barclays Trading Unit Said to Take 60 Employees in Spinout
Stacy Bash-Polley to Lead Efforts to Forge Stronger Ties to Money Managers, Hedge Funds