Wednesday, Could 20, 2020 4:29 p.m. CDT
by Thomson Reuters
By David French
NEW YORK (Reuters) – Thomas Solomon has determined to step down as head of insurance coverage funding banking within the Americas at Bank of America Corp , folks accustomed to the matter stated on Wednesday.
Solomon is leaving Bank of America to develop into the chief monetary officer of an insurance coverage firm, the sources stated, requesting anonymity forward of an announcement that would come within the subsequent few days. They didn’t disclose the id of the insurance coverage firm.
Bank of America declined to remark.
Solomon joined Bank of America in September 2014 after spending practically 19 years at Citigroup Inc , in line with his LinkedIn web page.
He’s the second high-profile funding banker within the insurance coverage sector to vary jobs in latest days. On Monday, Citigroup stated it employed Jawad Haider from Credit score Suisse Group AG because the bank’s new head of North America insurance coverage funding banking.
(Reporting by David French in New York; Enhancing by Peter Cooney)