The line-up includes eight executives from the former Merrill Lynch, two from BoA and a new hire from Citigroup as her direct reports.

Ms Krawcheck has put former Merrill executive Lyle LaMothe in charge of the bank’s US brokerage force, overseeing the remnants of Merrill’s “thundering herd.”

Keith Banks and John Thiel are the new co-leaders of Private Wealth Management, with Mr Banks also serving as president of US Trust, the New York wealth management unit for high net worth clients that BoA bought in 2006.

Mr Banks, a BoA veteran, had cast doubt on his future with the company in early August by telling staff that he would stay in his job for an undetermined period of time. He had Ms Krawcheck’s title before the bank’s acquisition of Merrill and used to be one of the bank’s top management team. Mr Thiel is a survivor from Merrill.

The external hire is Andy Sieg, the new head of Retirement and Philanthrophic Services, who joins from Citigroup.

Eva Castillo will continue to serve as head of EMEA Wealth Management, with responsibility for financial advisors in Europe, the Middle East and Africa, and continue to serve as part of the bank’s EMEA leadership team.

Chris Dupuy will continue to lead Global Investment Solutions, responsible for managing GWM’s financial products, including mutual funds, stocks, bonds, new issue, insurance, alternative investments and structured products. He will oversee all manager due diligence, portfolio construction and investment implementation activities for the business globally.

John Hogarty is now GWIM chief operating officer and will lead sales planning, support and resource allocation globally and across all client segments, working closely with other GWIM leaders. He will also manage all client-related processes – including standards for relationship reviews, metrics analysis and the launch of sales programmes.

Antony Hung will remain head of Asia Pacific Wealth Management and continue to serve as part of the bank’s Asia Pacific leadership team.

Lyle LaMothe will continue as head of US Wealth Management, leading financial advisors from Merrill Lynch and Banc of America Investment Services in the US.

Brian Sepe will remain head of Latin America and Canada Wealth Management and continue to serve as part of the bank’s Latin America leadership team.

Michael Sullivan will continue as head of the Global Client Coverage Group, responsible for the delivery the firm's referral and client coverage capability. Harry Singh now reports to him as deputy head, and will continue in his strategic leadership role working across the organisation.

The entire GWIM leadership team will continue to work closely with Mark Alexander, head of Global Wealth & Investment Management Technology and Operations. In this role, he will continue to serve as a member of the Global Wealth and Investment Management executive committee.