BankAmerica Corp. has closed its deal for a 50% stake in Marsico Capital Management, a Denver asset manager, and promoted two executives in its private bank.

In November, BankAmerica announced its intention to buy a position in Marsico for roughly $150 million. The deal closed Tuesday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.