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8:49AM Bank of America: John Thain will become president of Global Banking, Securities and Wealth Mgmt (BAC) 38.13 : Thain will become president of Global Banking, Securities and Wealth Management in the combined company once the merger is completed. His responsibilities will include what is now in Global Corporate and Investment Banking and most of what is now in Global Wealth and Investment Management at Bank of America which will be merged with similar functions at Merrill Lynch. Co also announced that Brian Moynihan will continue as president of Global Corporate and Investment Banking at Bank of America until the merger, and will take on a key newly created enterprise-wide role effective immediately.