The latest overhaul of the wealth management group at BankAmerica Corp. highlights the growing importance the country's largest banks are placing on investment banking talent.

In a round of changes announced Monday, San Francisco-based BankAmerica picked G. Randy Hecht from Robertson Stephens & Co. to lead asset management activities, from mutual funds to institutional investments. Chicago private banking manager William Goodyear was tapped to head global private banking.

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