Bank of America's head of global structured products such as mortgage-backed securities has left the company.
Chris Hentemann's departure Friday came a day after the Charlotte-based bank reported a 32 percent drop in third-quarter income and said results were hurt by its investment bank.
Investments under Hentemann dropped in value this summer during a global credit crunch that led to an increase in mortgage defaults and foreclosures.
A bank spokeswoman wouldn't give a reason for the executive's departure.
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