Bank of America Corp. has tapped the executives who will lead its global corporate and investment banking business, dividing the geographic leadership between one of its veteran bankers and a former Merrill Lynch & Co. executive, who many had feared would leave the $1.95 trillion-asset Charlotte banking company.

Brian Moynihan, who took over management of the business after last month's ouster of former Merrill chief executive John Thain, announced internally Friday that Andrea Orcel has become the head of international corporate and investment banking at Bank of America Merrill Lynch, according to a source familiar with the announcement.

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