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Latin America head retires from Bank of America

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Brian Sepe, head of the Latin American business at Bank of America Global Wealth and Investment Management, will retire in November.

Sonia Dula, currently head of Bank of America Merrill Lynch Corporate and Investment Banking in Latin America, will succeed Sepe and will report to Sallie Krawcheck, president of Bank of America Global Wealth and Investment Management and Andrea Orcel, executive chairman of global banking and markets and president of emerging markets ex-Asia.

"I would like to thank Brian for his many contributions over the past 30 years and wish him and his wife Dawn the very best as they begin the next phase of their lives," says Krawcheck.

Sepe’s career as a financial adviser began in 1979. He moved into a managerial role at Merrill Lynch’s private wealth group in 1992, ultimately running the US Northeast division in 2008 and then taking on the role of head of Latin America GWIM in 2009.

Dula joined Merrill Lynch in 2006 to head investment banking for the region, subsequently coordinating the integration between Bank of America and Merrill in Latin America. Since 2009 Dula has had the added responsibility of overseeing the build-out of corporate banking in Latin America.

As head of GWIM Latin America, Dula will manage all onshore and offshore financial advisers in Latin America.

Dula’s successor as head of Latin American investment banking, ex-Brazil, will be announced shortly.

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