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BofA selects ex-Macron adviser to head investment banking in France

Bank of America Corp. appointed Bernard Mourad as head of corporate and investment banking for France, effective in September, Reuters reported, citing sources familiar with the matter.

He most recently was an adviser to French President Emmanuel Macron. His career includes 15 years at Morgan Stanley, which he left in early 2015 to become president of Altice's media group and deputy CEO of SFR Media. He left Altice in 2016 to become director of Macron's presidential campaign.

Currently, Stephane Courbon heads Bank of America's investment banking business in France. The news agency said it was not clear how hiring Mourad would impact Courbon' role.

Bank of America intends to move hundreds of jobs to its newly refurbished office in Paris ahead of Brexit.