In a position that has become a veritable revolving door at Bank of America Merrill Lynch, Paul Donofrio has taken over the institution's global corporate banking function from Catherine Bessant, who was in the role for less than six months.
In his expanded role, London-based Donofrio retains the title global corporate and investment banking executive but has had his duties expanded to include all the institution's corporate banking activities around the world, including Bank of America's legacy transaction banking business. He remains head of investment banking for Europe, the Middle East and Africa.
Donofrio's appointment is part of the bank's ongoing strategy to unify the corporate and investment banking...
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