MUMBAI, March 24 (Reuters) - Bank of America Corp ( BAC )

is set to appoint Vikram Sahu as the new country

executive for its India business, according to a memo reviewed

by Reuters.

Sahu, who is currently head of global equity research based

out of New York, will replace Kaku Nakhate as the India country

executive.

Sahu will move to India in the second quarter to assume

leadership of the India franchise, the memo said.

Nakhate has headed the bank's India operations for 15 years.

She will retain the position of chief executive officer of the

India regulated entity till the Reserve Bank of India approves

Sahu's appointment.

A spokesperson for Bank of America ( BAC ) in India declined to

comment.