$72.7 billion Bank of America Corporation has renamed Neil Cotty as chief accounting officer, effective July 27. Cotty will succeed Craig Rosato, who has been named consumer credit risk executive.

Previous to his appointment last fall as CFO of the company’s Global Banking and Global Wealth and Investment Management businesses, Cotty served as chief accounting officer of Bank of America in the wake of the bank’s acquistion of Merrill Lynch.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...