Richard Bernstein, chief investment strategist and head of Bank of America Merrill Lynch’s investment strategy group, as well as David Rosenberg, the firm’s chief economist, are leaving the firm, according to an internal memo obtained by ASR sister publication IDD.

The announcement was made on Tuesday in a memo from Candace Browning, president of the firm’s global research group. A spokeswoman for the firm confirmed the departures and said the firm is looking to fill both positions. “We are looking for candidates internally and externally,” the spokeswoman said.

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