06:48 AM EDT, 09/17/2024 (MT Newswires) -- Bank of America ( BAC ) named Citigroup's ( C ) former Chief Accounting Officer Johnbull Okpara for the same position, effective December, Reuters reported Monday, citing an internal memo.

Okpara succeeds Rudolf Bless. The two will work together during a transition that will extend into 2025, Reuters reported.

Okpara has worked for Morgan Stanley (MS), American Express (AXP), and Ernst & Young.

Bank of America ( BAC ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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