David A. Coulter, who resigned as president of BankAmerica Corp. last October, is near an agreement to join Beacon Group, a New York buyout and merger advisory firm, according to published reports.

The San Francisco Chronicle reported Thursday that people familiar with Mr. Coulter's plans said he will open a West Coast office for Beacon in San Francisco or Los Angeles. Mr. Coulter and Beacon founder and senior partner Geoffrey Boisi didn't return phone calls.

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