Montag to become sole COO of Bank of America

David Darnell, formerly Bank of America's co-chief operating officer, is to become vice chairman

Bank of America co-chief operating officer David Darnell is giving up his role to become vice chairman, leaving Thomas Montag as the sole COO at the Charlotte, North Carolina, bank, according to an internal memo reviewed by The Wall Street Journal.

Montag, who previously worked as a trading executive at Goldman Sachs joined Bank of America when it bought Merrill Lynch in 2009.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink