This story requires our BI Prime membership. To read the full article,Business Insider has mapped out the power structure in the global banking and markets businesses overseen by Bank of America Merrill Lynch Chief Operating Officer Tom Montag — one of the most powerful executives on Wall Street.
We've identified 40 of the most powerful people in the bank's new-look corporate and investment bank, which has been surging in 2019 after a leadership overhaul. Business Insider spoke with insiders, ex-employees, consultants, and other industry experts for this project.At a financial conference in September, Tom Montag, the chief operating officer at Bank of America Merrill Lynch, spent the bulk of his time on stage shedding light on the comeback story of the year at his firm — the resurgence of its investment-banking business.
About a year earlier, Montag, who oversees global banking and markets at Bank of America, began executing an overhaul of the firm's corporate and investment bank, which in 2018 saw revenues and league-table market share take a nosedive.
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