Investing.com -- Bank of America Corp (NYSE: BAC ). has promoted Jack Vissicchio to the role of global head of real estate, gaming and lodging investment banking, as confirmed by an internal memo viewed and reported on by Bloomberg News.

Vissicchio will be taking over the global role from Jeff Horowitz, who has been appointed as the global chair of the group. The internal memo announcing these changes was issued by Alex Bettamio and Thomas Sheehan, the co-heads of global investment banking at the firm.

The bank has made these changes as part of its ongoing efforts to increase revenues and market share, as stated in the memo. A representative from Bank of America has verified the contents of the memo with Bloomberg but has not provided any additional comments.

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