Christian Meissner, the head of global investment at Bank of America Merrill Lynch, is leaving.
He joined the firm in 2010 and is set to depart at the end of this year, according to an internal memo.
"I am very proud of what we have achieved during the last eight years. We have built a tremendous team around the world serving our clients and it’s been an honor to have led such a talented group of professionals," Meissner
He will be succeeded by Matthew Koder, the bank's president of Asia Pacific.
Business Insider reports Koder will move from Hong Kong to New York to facilitate the transition.