Personnel moves: Merrill Co-CRO Donohoe out at BofA

The Wall Street Journal is reporting that Noel Donohoe, formerly Merrill Lynch's co Chief Risk Officer, was told yesterday that he would not have a job in the new organization by Bank of America CEO Ken Lewis. Donohoe was one of several former Goldman Sachs executives hired by John Thain last year as he assumed control at Merrill. Donohoe was most recently a partner and COO with Dune Capital Management before joining Merrill. He was Head of Firmwide Risk at Goldman Sachs when he left the company in 2005.