REUTERS / Bobby Yip
Bank of America CEO Brian Moynihan
- Bank of America announced a new class of managing directors to the firm on Thursday morning.
- In global markets, the firm's sales and trading division, there are 74 new MDs, according to a memo seen by Business Insider.
- The announcement comes later than usual for the bank, which has announced in the fourth quarter in years past.
- The full size of the firm's MD class isn't clear.
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Bank of America has promoted 74 managing directors from its sales and trading division as part of its 2019 class - slightly more than last year, according to an internal memo seen by Business Insider.
BofA insiders told BI that new promotes were individually notified in late November, but the firm just sent an internal email early on Thursday morning revealing the promotions - much later than usual for the bank, which has announced its MD class to the firm in November or December in recent years.
It's not clear why the announcement was delayed this year.
A Bank of America spokesman declined to comment.
According to the memo announcing the promotions within the firm's Gobal Markets division, 74 employees were promoted to MD this time around, up from 71 last year.
We have not yet seen the names of MDs in the bank's other divisions, and the full size of the firm's 2019 MD class isn't clear.
Morgan Stanley announced its most recent class of 130 managing directors earlier this week, its smallest class in recent memory. Citigroup in December announced 220 new managing directors across the firm.
The managing director title is the highest at the firm and, as the internal memo states, it is considered a "prestigious career milestone."
Here are all the sales and trading names in the 2019 Bank of America Merrill Lynch managing-director class:
Tazeen Ahmad
Rohan Almeida
Rico Arguello
Martin Ayre
Antonio Belato
Frantz Bien-Aime
James Bignell
Jean-Baptiste Binz
Sinead Brogan
Rod Burns
Mark Cabana
Nicholas Callaway
Chris Carfagno
Sonia Chandnani
Sang Woon Cho
Niels Christensen
Paul Connaughton
Gordon Corbett
Max Cordonnier
Gregory David
Amanda Deckelman
Alexey Demyanov
Serena Ding
Ryan Driscoll
JP Duayhe
Rob Ellis
Don Ellithorpe
Matt Fields
Katie Fike
Quentin Fogan
Tim Gross
Guillaume Gruchet
Dermot Hanlon
Chrsitin Hinkle
Jack Hsieh
Arjun Jaswal
Tyler Kaiser
Josephine Kim
Lauren Kohr
Grant Koziol
Quentin Lancon
Matt Lewin
David Litt
Vincent Littke
Chiyan Luo
Bill Lyons
Shaamil Magecha
Chris Mercer
Peter Milano
Kevin Milsom
Tim Murtha
Alex Naboicheck
Don Nguyen
Stephen Peyser
Roberto Pilnik
Shrijit Plappally
Ebrahim Poonawala
Giulio Recchia
Benny Salerno
Sachin Salgaonkar
Ross Smith
Afonso Soares
Matthew Spoerlein
Joel Stainton
Milos Starovic
Nick Stimola
Mitchell Story
Fredrick Suzuki
Annamaria Timofte
Cesar Adrian Tiron
Claudia Welch
Kevin Wenk
Christopher Wood
Nathan Michael Zibilich
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