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BofA elevating two wealth management leaders to executive team

Published 12/04/2018, 06:59 PM
Updated 12/04/2018, 06:59 PM
© Reuters.  BofA elevating two wealth management leaders to executive team
  • Bank of America (NYSE:BAC) is making executive changes after the unexpected October death of its wealth-management leader.
  • The bank is expected to name that unit's Katy Knox (head of U.S. Trust) and Andy Sieg (head of Merrill Lynch Wealth Management) to its executive team, reporting to CEO Brian Moynihan, The Wall Street Journal reports.
  • They were part of the wealth-management unit run by Terry Laughlin before his death.
  • The bank will also make Thong Nguyen (co-head of the consumer unit) a vice chairman overseeing topics including corporate strategy and payments. And Chief Administrative Officer Andrea Smith will oversee marketing efforts.
  • Now read: VTV: Last December Saw A Boost For Value, Will This Year Repeat?


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