(Bloomberg) — After Bank of America Corp. recently raised its second group of senior executives, 1 name has been conspicuously absent: Fab Gallo.Few could have bet from the marathon-running mind of the firm’s international equities division, particularly after he set a sales album early this season minus the messiest markets in a production. However after a leaked record of a conference telephone thrust Gallo’s dull communications mode to the general public, and turbulence emerged in elements of his enterprise, that the bank’s supervisors left him behind.While eight coworkers obtained invited to join the firm’s elite management staff in late July, Gallo had been told to divide responsibilities with an former subordinate.The snub has attracted attention across Wall Street, turning a spotlight onto an executive famous for compelling subordinates especially challenging. It has since prompted talks between him and senior executives regarding how long he’ll stay in the investment bank, according to individuals knowledgeable about the situation who asked to not be named talking staff. Another alternative could continue to be found.Gallo, 54, known messages into a company spokesperson who declined to comment.The trading veteran has been passed as Bank of America introduced a set of promotions and additional executives to its senior conclusion body. New members of this board include his longtime counterpart overseeing fixed-income markets, Jim Demare, that rose to head to the worldwide sales and trading division. Among Gallo’s subordinates, Soofian Zuberi, has been encouraged to collectively conduct the stock-trading company along with him.‘Great Job’It marked a quick shift in fortunes for its business veteran whose surgeries were imputed with climbing to unprecedented challenges introduced by the coronavirus pandemic in March, when investors were made to work at home as markets went into a nose dive.By the conclusion of their first quarter, the equities-trading division’s earnings jumped 39% to a document. In May, Chief Executive Officer Brian Moynihan praised Gallo for its “great job” that he had been performing together with fixed-income chiefs Demare and Bernie Mensah, that was raised to combine the management group. In the next quarter, equities earnings rose 7%, fueled by cash and customer financing.Yet there were bumps. Back in April, someone leaked a record of a contentious conference telephone to media outlets such as CNBC and also the New York Times. On this, Gallo might be heard stating “critical” employees wouldn’t have the ability to steer clear of the workplace too long throughout the pandemic. The bank said at the time the dialogue had been about returning individuals to the workplace after officials deemed it secure, and the firm was “sparing no expense or consideration taking care of our people.”Subsequently from a second-quarter regulatory filing, the bank flagged “weaker trading performance” in the unit’s derivatives industry. Though that company grew versus the preceding calendar year, it dropped more than $100 million on certain places held in Europe, the Middle East and Africa, according to people with knowledge of the issue. The company’s wider European company has witnessed a collection of shakeups, many lately naming Martina Slowey to conduct equities for EMEA, substituting Julien Bahurel, that will depart after a transition period. That follows the June passing of Andrew Mitchell, head of stocks trading at the region.Frustrating ManagersGallo, whose first name is Fabrizio and extends by Fab, is famous to frustrate his managers using a domineering design, becoming deeply involved in transactions and personnel conclusions rungs beneath him, in accordance with bank workers. Including intervening in testimonials for associates of trading desks, occasionally overruling assessments drafted from the supervisors under him.A voracious reader, he dismisses the picture of a cultured wisdom. He’s also regarded as arrogant. Colleagues say in moments of frustration through time, Gallo has lashed out at subordinates, calling them dumb. His blunt communicating style have generated detractors within the branch, who accuse him of being abrasive.Some Bank of America workers also took umbrage in the leaked record of Gallo. On this, he might be heard telling employees that should they wanted to maintain crucial roles, they’d want into “make a decision” about coming back to the workplace, CNBC reported in April.Story proceeds “We cannot provide proper and orderly markets if 99% of the population decides they don’t feel comfortable,” Gallo stated on the recording. “You cannot on one hand say you cannot trust the firm and on the other hand get the money from the firm, for a long period of time if you are in a critical function. Now if people decide they don’t want to be in a critical function we can have that conversation too.”Bank’s ImageThe remarks came amid a disagreement within several Wall Street companies over who might stay home and for a long time. Yet those words didn’t quite gel with Bank of America’s efforts to remake its public image as a good corporate citizen after the 2008 financial crisis. Moynihan has been a prominent voice from the business community during the pandemic, pledging to support staff through tough times and resisting headcount reductions. He’s also highlighted the lender’s forbearance activities, its participation in the government’s rescue-financing program for small businesses and a $1 billion pledge to communities of color over four years.Gallo joined the bank in 2011 from hedge fund Brevan Howard Asset Management LLP and also spent more than a decade at Morgan Stanley, serving as head of equities and global proprietary trading.Despite his senior role, he keeps a relatively low profile. One of the few public references to Gallo is at the University of Chicago, where there’s a dorm named after him. He contributes to financial aid and career programs there.His almost-decade-long run as sole head of equities was remarkable for its duration in an industry where co-chiefs are often the norm, forcing executives to compete and leaving firms leadership options if businesses don’t perform. Before the latest management shuffle, Gallo reported to the bank’s chief operating officer Tom Montag, who’s also president of its global banking and markets unit. If Gallo stays following the promotions, he will report to Demare.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted company news resource.©2020 Bloomberg L.P.