Two of Bank of America Merrill Lynch's most senior executives in Europe are set to leave, leaving holes at the top of the bank's business in the region just as it makes up ground on rivals there.
Andrea Orcel, the former Merrill Lynch banker most recently serving as executive chairman of Bank of America's global banking and markets unit, has left to join UBS, a statement from the Swiss bank has confirmed. Bank of America Merrill Lynch confirmed his departure in a memo to staff.
