BankAmerica Corp. has tapped an emerging-markets specialist to be its country manager for Russia and the former Soviet Union states.
David Lingelbach comes to BankAmerica after building a career as a management consultant and portfolio manager in Russia and the former Soviet bloc.
As president of Caresbac-St. Petersburg, Small Enterprise Assistance Funds Inc.'s Russia subsidiary, Mr. Lingelbach led investments in Russian firms and managed one of the most successful Russian debt/equity portfolios.
Before that, he held a series of international and U.S. origination and credit roles with Milwaukee-based Firstar Corp. and Philadelphia-based CoreStates Financial Corp.
Bank of America has maintained a representative office in Moscow for more than 20 years and intends to build its business in Russia with a securities-led expansion.
It is seeking regulatory approval to establish a banking subsidiary in Moscow.
-Compiled by James Kraus and John Kimelman