Bank of America Corp. said Wednesday that it has reorganized its premier banking and investments division.
The division, which is based in Boston and provides banking and investment advisory services to clients of the Charlotte company with at least $3 million of investable assets, will serve clients through four regions: the Northeast, Southwest, Pacific Northwest, and South and Midwest. It previously was organized under five regions. The change combined the Atlantic South and the Midwest into a single region.
Susan Walker, previously the division's Atlantic South executive, was named the company's state president for Florida but will continue to oversee the division's operations in northern Florida and Georgia, B of A said. Mark Benson, who was the Midwest regional executive, was named the chief operating officer for Banc of America Investment Services Inc. last month.
Keith Winn will run the South and Midwest region.
Dean Athanasia will run the Northeast region, which Mr. Winn previously ran. Kim Burdick will continue to run the division's operations in the Southwest, and Matt Howard will continue to run its operations in the Pacific Northwest. Mr. Athanasia was the president of global wealth and investment management sales, service, and execution.
B of A said in March that it planned to expand its premier banking and investments division's sales force by nearly 7% this year, to 5,940, and to add sales staff in high-growth areas.
A spokesman for the company said Wednesday that those plans are on track.
