In his second major organizational move since taking charge of Bank of America Corp.’s global corporate and investment bank this spring, Edward J. Brown 3d has shuffled the leaders of the bank’s large but increasingly problem-ridden debt businesses.

The Charlotte, N.C., banking company is merging all debt activities of its corporate and investment banking units. In a press statement Monday, the company announced that Bill Hodges had been named head of debt product origination and structuring, and Duncan Goldie-Morrison head of debt markets activities, including trading and research.

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