CHARLOTTE, N.C. — Bank of America Corp. has again reached outside its own executive ranks to jump-start growth in its asset management group.

On Monday the company named Alan Rappaport from J.P. Morgan Chase & Co. as president of its private bank, capping a reorganization aimed at boosting asset management revenues. The job — overseeing services for the bank’s wealthiest customers — was created last summer when the Charlotte company overhauled its high-growth asset management division.

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