Bank of America Corp. promoted Cathy Bessant to president of global corporate banking under a plan to link its corporate bankers to more products.

Bessant had been the head of global product solutions. She will remain in Charlotte, where B of A is based, and report to Tom Montag, a former Merrill Lynch & Co. executive who is B of A's president of global markets and global corporate and investment banking, B of A said in an internal memo distributed Friday.

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