The AIB move coincides with a round of cuts at Bank of America's project finance department. Charlotte-based Brian Goldstein, head of U.S. project finance, London-based Parker Knight, head of international finance, Hong Kong-based John O'Neill, responsible for Asian project finance and several bankers associated with Enron have been let go by the firm. One banker said the departure of key personnel such as Dennis Magna and Jerry Stalun to Duke Capital Partners last year marked an important point, as they were never replaced. It looks like B of A is merging project finance into the loan syndication group, said one banker, noting the high costs associated with a separate group.