Bank of America has named a new head of prime brokerage sales in the Americas

LinkedIn.

Kim Stolz.

• Bank of America Merrill Lynch has promoted Kim Stolz to head of prime brokerage sales in the Americas.
• The appointment comes in the wake of sexual misconduct allegations against a senior banker.

Bank of America Merrill Lynch has promoted a new senior banker in its prime brokerage unit.

Kim Stolz, a managing director who was previously based in London as the head of equity derivatives hedge fund sales for Europe, the Middle East, and Africa, will take over as head of prime brokerage sales in the Americas, according to people familiar with the matter.

The senior promotion comes in the bank's prime-brokerage unit, which services hedge funds. The group has been hit by a sexual misconduct allegation and its ensuing fallout in recent weeks.

Omeed Malik, a managing director and senior banker in the prime brokerage department, was fired in January amid allegations from female employees that he made unwanted advances. Two others employees in the department were fired last week for allegedly interfering with the bank's investigation into Malik's misconduct.

Bank of America hired Stolz away from Citigroup in 2014 as a director in equity derivatives sales. She was in a similar role at Citigroup before that.

Stolz has had a unique career. Prior to her time on Wall Street, she was a contestant on "America's Next Top Model," an actress, wrote for The Huffington Post, and worked at MTV from 2006 to 2010, according to her LinkedIn profile.

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