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As Montag Goes, Eyes Turn to BofA Deputies for Investment Bank

Aug. 27, 2021, 8:29 PM

For more than a decade Tom Montag has dominated Bank of America Corp.’s massive investment bank, not just running its businesses, but single-handedly tending to many of its top clients.

The news that he’s vacating his longtime Wall Street perch at year-end has left a question reverberating inside the firm and across the industry: Who might fill such shoes?

Tom Montag
Photographer: Jonathan Fickies/Bloomberg

Word around Bank of America is that Montag’s responsibilities could be split among a few people. The company has vowed to say more on succession in coming weeks. Meantime, the talks are underway and closely guarded. Many insiders are ...