Oct 31 (Reuters) - Bank of America ( BAC ) promoted

Denis Manelski and Soofian Zuberi to become presidents and

co-heads of global markets and made several other leadership

changes in its trading arm, according to an internal memo seen

by Reuters on Friday.

The second largest U.S. bank looks to build momentum in

sales and trading after 14 consecutive quarters of revenue

growth.

Manelski has been with the bank since 2004 and most recently

served as head of sales for fixed income, currencies and

commodities. Zuberi has more than three decades of experience

and was head of global equities for the last four years.

Bank of America ( BAC ) recently promoted Jim DeMare, who led global

markets, to the role of co-president of the entire bank, making

him a potential candidate to succeed CEO Brian Moynihan.

BofA's sales and trading revenue grew 9% to $5.4 billion in

the third quarter.

Trading revenues at major U.S. banks rose in the third

quarter of 2025 as ongoing macroeconomic uncertainties and

global events drove market volatility. This turbulence led

investors to increase hedging of their positions, generating

higher activity that benefited trading desks.