Another longtime Bank of America Corp. executive who filled a key role before Brian Moynihan's appointment as CEO will soon leave the company.
Paul Morrison, formerly corporate general auditor under Mr. Moynihan's predecessor Ken Lewis, is departing "to pursue opportunities outside the company," according to an internal memo.
Mr. Morrison was the company's top internal auditor for roughly a decade. A year ago the bank reassigned him to oversee home loan risk. His replacement in the corporate general auditor post was Christine Katziff, who came to Bank of America as part of a 2004 purchase of FleetBoston Financial Corp. Ms. Katziff is one of several former Fleet executives elevated by Mr. Moynihan, who also came to the bank as part of that 2004 acquisition.
Currently Mr. Morrison oversees risk for a unit responsible for cleaning up the bank's mortgage mess. His replacement in that post is bank veteran Helen Eggers. Mr. Morrison will stay with the company for several more weeks, according to the memo.