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Hernandez will lead a new committee of global chairs of the investment bank's various business lines. The committee will be focused on managing relationships with the firm's top clients. To keep senior leaders interested, Wall Street firms can keep offering promotions, which also helps to make sure rising stars don't get stuck behind long-serving execs.
housed in its commercial bank that would find ways to offer services across the bank's investment banking, wealth management, and asset management arms to drive more business.
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