Yahoo Finance 
Bank of America has officially crowned one of the most senior women in finance
(Bank of America Merrill Lynch)
It's official: Sanaz Zaimi is now the sole head of fixed income, currency, and commodity — FICC — sales at Bank of America Merrill Lynch.
Zaimi took that job on an interim basis in March when her cohead, Bryan Weadock, went on leave. On Friday, Tom Montag, chief operating officer at the bank, said Weadock would not be returning.
That means Zaimi is now indisputably the sole head, while Karen Fang, a rising star, is head of Americas FICC sales.
"Please join me in thanking Bryan for his years of service and in wishing him the very best in the future as well as congratulating Sanaz and Karen," Montag said in the memo.
A former Goldman Sachs banker, like Montag and Fang, Zaimi grew up in the wake of Iran's 1979 revolution. She made the move to Bank of America in 2009, and the London-based executive has appeared on multiple power lists in the UK published by the likes of the Evening Standard and Financial News.
She is also a part of a formidable finance family. One brother, Hossein, is head of trading in Asia Pacific at HSBC, while another brother, Alireza, also works at Bank of America Merrill Lynch.
Her position as head of FICC sales makes her one of the most senior women in sales and trading anywhere in the world. The US bank ranked third in FICC revenues in the first half of the year, according to Coalition, behind JPMorgan and Citigroup and equal with Goldman Sachs.
NOW WATCH: STIGLITZ: The Fed could more than double its inflation target
More From Business Insider
