Bank of America announced a new class of managing directors to the firm on Thursday morning.In global markets, the firm's sales and trading division, there are 74 new MDs, according to a memo seen by Business Insider.The announcement comes later than usual for the bank, which has announced in the fourth quarter in years past.The full size of the firm's MD class isn't clear.Visit BI Prime for more storiesBank of America has promoted 74 managing directors from its sales and trading division as part of its 2019 classslightly more than last year, according to an internal memo seen by Business Insider.BofA insiders told BI that new promotes were individually notified in late November, but the firm just sent an internal email early on Thursday morning revealing the promotionsmuch later than usual for the bank, which has announced its MD class to the firm in November or December in recent years.It's not clear why the announcement was delayed this year.A Bank of America spokesman declined to comment.According to the memo announcing the promotions within the firm's Gobal Markets division, 74 employees were promoted to MD this time around, up from 71 last year.We have not yet seen the names of MDs in the bank's other divisions, and the full size of the firm's 2019 MD class isn't clear.Morgan Stanley announced its most recent class of 130 managing directors earlier this week, its smallest class in recent memory. Citigroup in December announced 220 new managing directors across the firm.The managing director title is the highest at the firm and, as the internal memo states, it is considered a "prestigious career milestone."Here are all the sales and trading names in the 2019 Bank of America Merrill Lynch managing-director class:Tazeen AhmadRohan AlmeidaRico ArguelloMartin AyreAntonio BelatoFrantz Bien-AimeJames BignellJean-Baptiste BinzSinead BroganRod BurnsMark CabanaNicholas CallawayChris CarfagnoSonia ChandnaniSang Woon ChoNiels ChristensenPaul ConnaughtonGordon CorbettMax CordonnierGregory DavidAmanda DeckelmanAlexey DemyanovSerena DingRyan DriscollJP DuayheRob EllisDon EllithorpeMatt FieldsKatie FikeQuentin FoganTim GrossGuillaume GruchetDermot HanlonChrsitin HinkleJack HsiehArjun JaswalTyler KaiserJosephine KimLauren KohrGrant KoziolQuentin LanconMatt LewinDavid LittVincent LittkeChiyan LuoBill LyonsShaamil MagechaChris MercerPeter MilanoKevin MilsomTim MurthaAlex NaboicheckDon NguyenStephen PeyserRoberto PilnikShrijit PlappallyEbrahim PoonawalaGiulio RecchiaBenny SalernoSachin SalgaonkarRoss SmithAfonso SoaresMatthew SpoerleinJoel StaintonMilos StarovicNick StimolaMitchell StoryFredrick SuzukiAnnamaria TimofteCesar Adrian TironClaudia WelchKevin WenkChristopher WoodNathan Michael ZibilichHave a tip or internal memo to share' Send an email to the reporterat amorrell@businessinsider.com orreach him via Signal.Join the conversation about this storyNOW WATCH: WeWork went from a $47 billion valuation to a failed IPO. Here's how the company makes money.
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