NationsBank Corp. is moving part of its junk bond unit from Charlotte to New York as part of the reorganization related to its merger with BankAmerica Corp., which closes today.

Thomas G. White, senior managing director, who will head junk bond origination for the merged bank, will relocate, along with 10 to 14 other professionals. Though NationsBank is among the highest-ranked commercial banks in the junk bond business, executives hope to expand their role in the market.

About 50 people will work in the firm's junk bond unit in New York. Among those will be 12 BankAmerica employees who will transfer from Chicago, where the San Francisco bank's junk bond operation was based. In Charlotte the unit will shrink from 30 to about 15.

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