Merger partners NationsBank Corp. and BankAmerica Corp. on Friday laid out a management structure for their combined capital markets and capital-raising group.
Thomas W. Weisel would be chairman of the new banking company's section 20 unit and chief executive of its Montgomery investment banking division. He would report to Edward J. Brown 3d, who was previously named president of the combined bank's global finance business.
Lewis W. Coleman would be chief operating officer of Montgomery, while Jerome S. Markowitz would lead high-yield sales, trading, and research, as well as equity derivatives, private client services, and prime brokerage and clearing services.
Mr. Brown is currently with NationsBank, and the other three are with its NationsBanc Montgomery Securities subsidiary. Mr. Coleman is a former BankAmerica vice chairman.
BankAmerica's Robert C. Griffin and NationsBank's Thomas W. Bunn are to jointly lead global floating-rate debt origination and structuring and global leveraged finance. Mr. Griffin is to report to Carter McClelland, a Deutsche Bank executive recently hired by NationsBanc Montgomery to co-head investment banking. Mr. Bunn is to report to Mr. Brown.
The banking companies, which announced their merger plans April 13, expect to close the deal Oct. 1.