Frank Berritto, who is responsible for high-yield sales and trading at Bank of America, is to take over from Charles McLendon as head of investment-grade sales and trading in a new combined role.

Berritto will continue with his current duties in addition to those of McLendon, who left the bank in late June. His new title will be head of global credit sales and trading.

Carrie Ann Wharton

Bank of America

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Bank of America expands Berritto's role

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