Bank of America Corp.'s global wealth and investment management division announced Monday that it named Reed Murphy director of its consulting services group.
The group is based in Boston and had $28 billion of assets under management as of Dec. 31. It provides product development, research, due diligence, and client reporting associated with separate accounts and nonproprietary mutual funds to Bank of America's institutional, affluent, wealthy, and ultrawealthy customers.
Mr. Murphy had been the director of the group's research and portfolio management unit. In his new post he will manage fee-based investment programs and oversee the selection of nonproprietary mutual funds made available to clients through Bank of America premier banking and investments, Private Bank of Bank of America, and its family wealth advisers unit.
