On the East Coast, there's Brown Brothers Harriman. On the West Coast, there's Brown sister Kathleen.
The former California state treasurer and nominee for governor in 1994 has joined Bank of America in Los Angeles as senior vice president in the investment management group. She is to develop and implement programs for government entities and individual and institutional investors around the country, and will also head a team to serve women with specialized banking and investment needs.
Kathleen Brown, you'll recall is the sister of former Gov. Jerry Brown and daughter of another former governor, Pat Brown. A popular figure in Democratic Party circles who lost her bid for the governorship last fall, she has a wealth of contacts that should help the bank; that's especially true on the municipal finance side, where party affiliations aren't quite the litmus test they are in Washington. Of course, her post at BofA won't carry the clout she had as state treasurer, where she was responsible for overseeing a $26-billion investment portfolio and administering all of California's debt.
"We think she has the leadership skills and business background that will help us achieve the ambitious objectives we have in mind," said BofA executive vice president Alexander Anderson. For her part, Brown complimented BofA's "global reach" and "long history of innovative thinking and providing excellent service to its clients by offering a full-service approach to their financial needs."
