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BofA’s Thiel Leaving Post Jan. 1 To Take New Vice Chair Role

Bank of America Merrill Lynch (BAC) announced Thursday that John Thiel will step down from his post and become vice chairman of Global Wealth and Investment Management (GWIM) at the start of next year. Thiel is currently the head of Merrill Lynch Wealth Management. Andy Sieg, who heads the company's Global Wealth and Retirement Solutions division now, will take over for Thiel.
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