Bank of America names Bettamio as Latin America head, source says
SAO PAULO, Sept 17
SAO PAULO, Sept 17 (Reuters) - Bank of America Corp named Alexandre Bettamio, the chief executive officer of its investment-banking unit in Brazil, as head of its Latin America unit, a source with knowledge of the situation said late on Tuesday.
Bettamio, a former UBS AG and Banco Pactual SA banker who was made Bank of America Merrill Lynch's Brazil CEO in Sept. 2008, will be based in New York, said the source, who declined to be identified.
Bank of America Merrill Lynch, the bank's investment-banking unit, could not be reached immediately for comment.
The source did not say whether a replacement for Bettamio had been appointed. Under Bettamio, the bank rose in rankings for mergers and acquisitions, equity and debt capital markets in Brazil, while increasing advisory and lending deals in Latin America's largest economy.
Bank of America, based in Charlotte, North Carolina, is the U.S. No. 2 commercial bank.
- Australian PM says police raids follow IS linked beheading plot |
- Scots vote in independence referendum to seal the United Kingdom's fate |
- Divided, Scots prepare to vote on fate of the United Kingdom |
- Dollar hits six-year peak versus yen, ECB loan demand disappoints
- Apple to unveil new iPads, operating system on Oct. 21: report