Bank of America’s CEO Brian Moynihan tapped a new executive for the key job cleaning up the bank’s troubled mortgage loans. Ron Sturzenegger will replace Terry Laughlin as head of the bank’s legacy asset servicing unit, which was formed in February to hold 1.3 million soured mortgages largely inherited in the 2008 Countrywide Financial acquisition. Laughlin becomes the bank’s chief risk officer, a post he was named to last month. Sturzenegger was global head of real estate, gaming and lodging corporate and investment banking for Bank of America Merrill Lynch, the bank’s capital markets and investment banking unit. He will report to Moynihan.
Bank of America has named Jim Smith the new state president for New Mexico. He succeeds Rick Wadley, who will remain with the bank in Albuquerque, but has stepped down from the state president role to concentrate more fully on serving southwest global commercial product delivery clients.
Bank of America Corporation has named Gregory L. Curl as chief risk officer for the company, responsible for working with the company’s lines of business to identify and navigate credit, market and operational risks. He will succeed Amy Woods Brinkley as chief risk officer effective June 30 following a transition period. Brinkley will remain with the company until her retirement later this summer. Thereafter, she will voluntarily serve on Bank of America’s charitable board continuing her long-standing commitment to the communities served by the bank. Prior to her current role, Brinkley served as president of consumer products, a business group then composed of card services, consumer finance, the consumer real estate, community development and consumer e-Commerce, and insurance. -PR Newswire 
Bank of America announced that Tim Huval has been named to the additional role of Delaware market president. Huval will assume the market president role from Ric Struthers, who will focus on his role as president, global card services. Struthers will continue his local community activities including chairing the Delaware State Chamber and will also maintain his involvement on behalf of the bank as board member of Bank of America’s Charitable Foundation.
Bank of America announced that Harper Wright, head of the company’s financial education service, is leaving to take up a financial capability delivery management position with the Financial Services Authority this month. Wright will work on the FSA’s money guidance pathfinder service, now being piloted in the north-east and north-west. He joined MBNA, later acquired by Bank of America, 15 years ago.
Bank of America Corporation announced that its Chief Investment Strategist, Richard Bernstein, and its chief North American Economist, David Rosenberg, are leaving the firm.
Bank of America has appointed Jayanti Bajpai and Jiro Seguchi to jointly lead asia pacific corporate and investment banking, in the latest high-level appointments after its acquisition of Merrill Lynch. Bajpai and Seguchi will focus on Asia Pacific (ex-Japan) corporate & investment banking and Japan investment banking, respectively.
Bank of America announced that Mark Linsz has been named corporate treasurer, effective immediately. Linsz, 44, most recently served as risk executive for global banking and securities with responsibility for managing market risk and capital markets credit risk. Prior to that, he was chief risk officer for Europe, the Middle East, Africa and Asia. Linsz replaces Jeff Brown, 35, who has decided to leave the company to pursue other career opportunities.-PR Newswire 
Bank of America announced that its head of brand and consumer marketing, Anne Saunders, is leaving the company by the week’s end. The company announced Saunders’ departure was a personal decision. Saunders is moving her family back to the Pacific Northwest, and taking on the role of chief marketing officer for Knowledge Learning, which is the parent company of Portland, Ore.-based KinderCare Learning Centers.-Associated Press Financial Wire 
Bank of America has announced that former Merrill executive, Andrea Orcel would lead international corporate and investment banking and finance teams outside of the Americas. Investment banking in the Americas would be led by Brian Brille.
Bank of America announced that Nelson Chai is leaving his post as president of the Asia-Pacific region, to be replaced by Kim Hong, the Asia-Pacific chief risk officer.-Daily Deal
Bank of America announced that Richard H. Vitale has been named to manage Bank of America’s not-for-profit healthcare and institutions practice for North and Central Texas. Vitale is responsible for providing comprehensive integrated financial solutions and industry expertise to not-for-profit healthcare companies, private educational institutions, and other not-for-profit organizations in North and Central Texas. Vitale and his team manage many of the largest not-for-profit relationships in this region.
Bank of America announced that Brian Moynihan has been named president of global banking and global wealth and investment management. Moynihan replaces John Thain who is leaving the company. The company also announced that Tom Montag will continue to run global markets and will now report to Ken Lewis, Bank of America chairman and chief executive officer. Montag will also become a member of the management executive team, which sets strategy for the company. Moynihan has been general counsel of Bank of America. He will occupy that role while the company searches for his replacement. Previous to the merger with Merrill Lynch, Moynihan ran global corporate and investment banking for Bank of America. Before that, he was president of global wealth and investment management at the company.-PR Newswire 
The head of Bank of America’s Columbia Funds mutual fund business is leaving the company. The bank confirmed Christopher Wilson is leaving and his duties have been taken over by J. Kevin Connaughton, the fund unit’s top administrator. Wilson had run Columbia Funds since 2005 and at first oversaw a period of improved performance. The funds have since lost billions of dollars in assets from the stock markets’ steep declines and Columbia also had to prop up its money market funds to avoid losses during the credit crisis.-The Boston Globe 
Bank of America announced key regional leadership positions that will be in place once the purchase of Merrill Lynch is complete. They will report to John Thain, president of global banking, securities and wealth management, in the combined company. Nelson Chai, currently executive vice president and chief financial officer of Merrill Lynch, will be president of the Asia Pacific region. He will be based in Hong Kong. Jonathan Moulds, currently president of Europe, the Middle East, Africa (EMEA) and Asia for Bank of America, will be president of EMEA and have regional responsibility for Latin America and Canada. He will be based in London.-PR Newswire 
Bank of America Corporation announced that the Brian Moynihan, president of global corporate and investment banking, has been named general counsel. He succeeds Timothy Mayopoulos who is leaving the company. Moynihan is a member of the bank’s executive management team and will continue to report to Ken Lewis, chairman and chief executive officer. He will continue to serve as chief executive officer of Banc of America through an appropriate transition period related to the Merrill Lynch transaction. Moynihan’s other current responsibilities will be covered by other executives and his appointment is effective.
Bank of America has named a leadership team for its corporate, commercial and investment banking that includes executives from Merrill Lynch. The bank said that Brian Brille, from the bank, will oversee corporate and investment banking in the Americas. Merrill executive Jim Forbes will manage those operations in the Asia-Pacific region while Mark Aedy, also from Merrill, will oversee Europe, the Middle East and Africa. The bank’s Joel Van Dusen has been named head of global corporate banking. Jeff Kaplan, from Merrill Lynch, will lead global mergers and acquisitions and financial sponsors.-Baltimore Business Journal 
Bank of America and Merrill Lync announced that Merrill’s Andrea Orcel, head of global origination and president of Europe, Middle East and Africa, or EMEA, global markets and investment banking, will become president of the combined banks’ global banking, securities and wealth management division.-Daily Deal/The Deal 
Bank of America announced that Kathy Lacy has been named market president for Topeka, Kansas. In this role, Lacy will be the senior Bank of America leader in the Topeka market, which includes Topeka, Lawrence, Junction City and Emporia. She will work with fellow Bank of America associates to identify opportunities for growing revenue in the region. In addition, Lacy will direct local sponsorship activities aimed at strengthening the Bank of America brand, and work closely with non-profit organizations to address community needs. Lacy succeeds Rudy Wrenick, who retired at the end of August after 37 years with Bank of America and its predecessor organizations.
Bank of America Corporation appointed Andy Cairns as managing director and head of investment grade debt capital markets for EMEA and Asia, to be based in London. Cairns, who assumes a newly created role to build the bank’s international high grade origination business, will work closely with Brian Robertson, the EMEA head of investment grade syndicate. He will report to Alastair Borthwick, global head of investment grade debt capital markets.
Bank of America Corporation announced the appointment of Ben Prince as premier banking & investments (PB&I) Pacific Northwest division executive within the company’s larger global wealth & investment management division. Prince reports to PB&I President Dean Athanasia and is responsible for leading the delivery of tailored financial solutions to affluent individuals and families throughout the Pacific Northwest, which includes Northern California, Washington, Idaho, Oregon and Nevada. Prince most recently served as PB&I region executive for Orange County and Inland Empire. He has been with Bank of America for more than 13 years, serving in a variety of leadership roles, including PB&I regional sales director and market director.
Bank of America appointed Peter Hill as managing director and head of public finance investment banking. Hill, most recently executive vice president and head of public finance at ACA Financial Guaranty, will be based in New York and will report to Kevin Harmon, head of origination for the global rates, currencies, and commodities division at Bank of America. Bank of America confirmed that Coleman Cordell has been hired to be a managing director and the team leader for the Southeast region. He will start at the bank June 30, 2008.-The Bond Buyer 
Bank of America Corporation announced that it has hired five senior executives from Bear Stearns. David Glaser, who was co-head of investment banking, joins the company as chairman of its global mergers and acquisition unit.
Bank of America Corporation named Michael Righi as middle market executive for the Greater Bay Area. In this role, Righi will be based in San Francisco and lead a team of Bank of America middle market bankers in delivering comprehensive financial solutions for companies with revenues between $20 million and $2 billion.
Bank of America Corporation announced that it is creating a new consumer banking management structure. Under the new structure, three of the company’s executives will run the three key consumer businesses, deposits, card and consumer real estate. All three will report to Ken Lewis, chairman and chief executive officer, and will be executive officers of the corporation.
Bank of America Corporation announced that Michael J. Rietbrock has joined the bank and will be the head of the equity research department at Banc of America Securities. Mr. Rietbrock is based in New York and will report to Paula Dominick, chief operating officer of global markets.
Bank of America Corporation announced that Phil Barnett is joining the bank after a 20-year career at Morgan Stanley, most recently as managing director and head of the firm’s global insurance business. Barnett, who will likely start at BofA in mid-summer after his garden leave, will come on as global head of financial institutions in the investment banking division. 
Bank of America designated Thomas White to be president of its newly-created principal capital group. The appointment comes less than a year after White was named head of global markets. -Investments Dealers’ Digest
Bank of America Chief Marketing Officer and Northeast President Anne M. Finucane today announced that Connecticut President Susan A. Rottner will retire after a 35-year career with the company. Kevin J. Cunningham has been named Connecticut state president, following Rottner’s retirement. Cunningham will continue to serve as Northeast region executive responsible for commercial lending and treasury services.-PR Newswire
Bank of America Corporation announced that Claire Huang has been appointed as the head of marketing for its global wealth & investment management division. Huang is responsible for developing and executing marketing strategy for the company’s businesses serving affluent, wealthy, ultra wealthy and institutional clients nationwide.
Bank of America Corporation appointed Claire Costello, a philanthropic-management consultant in New York, as philanthropic-management national practice executive. This division at Bank of America advises foundations on managing their assets.
Bank of America Corporation has appointed Thomas Pascarella as country executive for Australia. Pascarella, who joined the bank in 2002 and served as a senior corporate finance officer in Australia, will report to Bank of America’s president for Asia, Colm McCarthy.
Bank of America promoted Laurie Krupa to Northeast division executive for its banking and investment group. Based in New York, Ms. Krupa will report to her predecessor, Dean Athanasia, who was named president of the premier banking and investment group after Pat Phillips, who had led the group since 2005, retired. Ms. Krupa will lead the delivery of tailored services to affluent individuals and families throughout the Northeast through the Bank of America Premier Banking and Banc of America Investment Services. -American Banker Inc.
Bank of America has hired Claire Costello as its national executive for philanthropic management, a newly-created position. Ms. Costello was an independent consultant serving the philanthropic management needs of wealthy individuals and institutional clients. Previously she founded and directed the philanthropic advisory services group for Citigroup’s private bank. Ms. Costello will be based in New York for the Charlotte company and report to Eileen Wilhem, the managing director of Bank of America philanthropic management. -American Banker Inc.
Bank of America Corporation announced leadership changes in premier banking & investments within the company’s larger global wealth & investment management division. Dean Athanasia has been named president of PB&I, leading the delivery of tailored financial solutions to affluent individuals and families across the U.S. through the company’s premier banking and Banc of America investment services organizations.People on the Move
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