Merrill Lynch's divisions will be cut from 10 to six, meaning executives will either have expanded remits, move roles or leave

Bank of America Merrill Lynch is reshuffling its brokerage arm in a move that will cut the number of divisions its brokers work within and see some executives leave the firm or move internally, 

The changes to the Merrill Lynch business are aimed at getting brokers to collect more assets and produce more revenue, according to a memo seen by WSJ.

FN Staff

Bank of America

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BAML restructures brokerage business

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