Lisa Carnoy, head of global capital markets at [tag|Bank of America|]Bank of America[/tag], is moving to the firm’s US Trust unit as division executive for the Northeast and Metro New York areas.

Lisa Carnoy, head of global capital markets at Bank of America, is moving to the firm’s US Trust unit as division executive for the Northeast and Metro New York areas, Family Wealth Report can confirm.

Described as one of “Wall Street’s highest-ranking women” by Bloomberg, Carnoy started as a Merrill Lynch associate and rose during two decades to run businesses that underwrite stock and bond sales, a job she held since 2012.

In her new role, she will report to US Trust president Keith Banks and join BoA’s operating committee, as well as becoming a member of the Global Wealth & Investment Management leadership team.

“We have a tremendous opportunity to continue to drive growth in the Northeast and Metro New York areas and to enhance collaboration across the GWIM and GBAM businesses,” Banks said in a memo.

As part of the move, the Northeast division - led by Ann Limberg - and the Metro New York division - led by Tom Boehlke - will report to Carnoy.

Carnoy will also be responsible for connecting global banking and markets employees as clients to the GWIM platform; Jennifer Povlitz, senior client relationship executive, will report to her in this capacity.

Assuming Carnoy’s former role as head of global capital markets is Jim Probert, a 20-year veteran of the firm who has been head of Americas investment-grade debt capital markets since 2010.

Earlier, Probert was head of the investment-grade capital markets syndicate desk in New York, having joined Bank of America in 1994 as a principal and head of European investment-grade syndicate in London. He returned to the US in 1996.

In related moves, Brendan Hanley and Andrew Karp have been named co-heads of Americas investment-grade capital markets. Hanley has been with the firm since 2005, responsible for coverage of the consumer products and retail sectors within investment-grade capital markets.

Karp joined the firm nearly ten years ago and has led Americas investment-grade syndicate since 2010. He has been responsible for underwriting, marketing and distributing investment-grade corporate bonds and emerging market debt, as well as preferred and hybrid securities in the Americas.