NEW YORK, Aug 20 (Reuters) - Bank of America ( BAC ) on

Wednesday announced a reshuffle in its global corporate and

investment banking (GCIB) business, naming Faiz Ahmad and Mike

Joo as new co-heads of global investment banking, according to

an internal memo seen by Reuters.

The current heads of investment banking, Alex Bettamio and

Thomas Sheehan, will become chairs of GCIB, tasked with

deepening client relationships globally, according to the memo

by Matthew Koder, president of BofA's GCIB.

Bank of America ( BAC ) is the third-largest bank in 2025 by global

investment banking revenue, according to Dealogic as of

mid-August. It has 6% market share, slightly lower than its 6.1%

last year.