J. Tim Arnoult, NationsBank's president of the Southwest region since September 1996, has been tapped to lead that area, as well as the Midwest, for the combined bank.

He has spent the last 18 months helping oversee the integration of Boatmen's Bancshares into NationsBank.

In his new role in the combined company, Mr. Arnoult, 49, will handle retail operations in Texas, New Mexico, Oklahoma, Arkansas, Illinois, Iowa, Kansas, Missouri, Nevada, and Arizona.

Four group presidents and two executives heading commercial and consumer banking will make up his management team.

Joel A. Smith 3d, president of the Carolinas for NationsBank, is to move up to president of the East region for the new BankAmerica.

Currently Mr. Smith, 52, oversees commercial, community, and consumer banking in North Carolina and South Carolina.

When the deal closes, Mr. Smith would also take on Georgia, Tennessee, Maryland, Virginia, the District of Columbia, and Florida. A team of four group presidents will report to him.

Though he will continue to be based in his hometown of Columbia, S.C., for the time being, it is assumed Mr. Smith will soon move to Charlotte, N.C.

Mr. Smith joined NationsBank in 1971 and has held a variety of roles, including credit analyst and commercial loan officer.

R. Eugene Taylor is slated to become president of the new BankAmerica's West region.

The NationsBank veteran has headed NationsBank's Florida operations since February, shortly after the Charlotte, N.C.-based company closed its acquisition of Barnett Banks Inc., Jacksonville.

Before that, Mr. Taylor had spent five years as NationsBank's chief Middle Atlantic region executive, based in Baltimore. He joined NationsBank in 1969 as a credit analyst.

In his new post, Mr. Taylor will oversee four regional executives currently with BankAmerica: Barbara J. Desoer, president of Northern California banking; John V. Rindlaub, president of the Northwest banking group; Liam E. McGee, president of Southern California banking; and James E. Hulihan Jr., president of the international consumer banking unit.

Observers predicted all along that G. Patrick Phillips would be a merger survivor.

As the president of financial products for NationsBank, Mr. Phillips, 48, oversees a team that handles card services, consumer insurance, dealer finance, direct banking, and mortgage activities. His hard-edged, no- nonsense approach to profitability has garnered him recognition at NationsBank.

Mr. Phillips, a director of Visa U.S.A. and Visa International, is to be president of card services for the new BankAmerica, overseeing consumer and commercial credit cards, check cards, ATM cards, and emerging card products. The new company's card unit will be the largest U.S. issuer of check cards and the third-largest in cardholder volume in the United States.

Of all the executives named to leadership roles in the combined company, few have logged as meteoric a career climb as Douglas K. Freeman, who is to be the new BankAmerica's president of consumer finance.

Less than a year ago, Mr. Freeman, 47, was chief consumer credit executive at Barnett, which NationsBank bought in January. But in his new post, he will oversee everything from home equity lending and auto leasing to manufactured housing inventory finance.

In his current job, as NationsBank's president of consumer finance, Mr. Freeman oversees the largest bank-owned consumer finance company in the country, with about $30 billion of managed loans.

James G. Jones' responsibilities are going to change after the merger deal closes.

In his new post as president of direct banking and special products, Mr. Jones would hand over his roles as head of consumer credit and card services to two NationsBank executives: Mr. Freeman and Mr. Phillips, respectively.

A former Wells Fargo & Co. executive who joined BankAmerica in 1992, Mr. Jones' new job is to include oversight of alternative delivery channels, including telephone, PC, and Internet banking. Mr. Jones would also head up student lending, military banking, employee banking, and insurance, an area of expertise he developed during his 14 years at Wells.

Poised to become president of mortgage banking at the combined company, Andrew D. Woodward, 51, would be in charge of a $212 billion mortgage servicing portfolio-the nation's largest.

His challenge is to make mortgages the cornerstone of the company's consumer business-a tool to pull consumers into the bank and sell them a wide range of financial products.

Mr. Woodward has been president of NationsBanc Mortgage since 1994. Before that, he headed Fleet Financial Group's mortgage unit and its predecessor institution for 13 years.

Highly regarded in the mortgage industry, Mr. Woodward is slated to become president of the Mortgage Bankers Association in October 2000. He heads Fannie Mae's national advisory board.

Amy Woods Brinkley, NationsBank's marketing group executive and one of its highest-ranking women, would be the principal marketing executive for consumer and commercial banking at the new BankAmerica.

For NationsBank, Ms. Brinkley handles companywide marketing activities, managing all brand efforts and marketing strategy. She oversees about 800 employees.

Her 20-year track record at NationsBank includes stints in the Asia- Pacific area of the international division and in commercial lending in Greensboro, N.C.

Before taking on marketing responsibilities in 1993, she was an executive vice president in consumer credit policy.

Edward J. Brown 3d, who spent the last 26 years climbing NationsBank's wholesale ranks, is co-head of the company's global finance group. He is slated to be the new bank's global investment banking division chief and will be relocating to San Francisco, which will put him closer to his new boss, BankAmerica's Michael Murray.

Mr. Brown is to focus on integrating the investment banking product lines of the two banking companies. "We want to weave these together as quickly as possible," he said. "When the whistle blows and we start our new company, we're going to be out in the marketplace fighting for our clients."

Mr. Brown's star has been on the rise for some time, according to Sally Pope Davis, a bank equity analyst at Goldman, Sachs & Co. "He's extremely conceptual and very quick on the uptake," she said.

Jeremy G. Fair, BankAmerica's group executive vice president for large corporate clients in the United States and Canada, will be reigning over a similar - but considerably larger - universe in the combined bank.

In his new role as president of the U.S./Canada group, Mr. Fair will handle both banks' big-business clients. He will also manage BankAmerica Business Credit, which provides senior secured middle-market loans to manufacturing, distribution, and retail companies and is one of the largest commercial finance companies in the country.

Mr. Fair joined BankAmerica in 1972 as an account officer trainee. Ten years later he had moved to London to become general manager of BankAmerica's Northern Europe region. Immediately before his current role, he headed the Los Angeles corporate banking group, where he catered to clients in the entertainment, health-care, and aerospace industries.

Gerald Doherty, BankAmerica's Irish-born group executive vice president for Europe, the Middle East, and Africa, has been named to a similar post in the combined bank.

He joined the company's London office in 1979 after working for Citicorp and Citicorp International Bank.

The 54-year-old executive subsequently was managing director of Bank of America International Ltd., the company's London-based investment bank. He was later appointed head of capital markets for Europe, the Middle East, and Africa.

In 1994, while retaining his geographic responsibilities abroad, he was also named head of companywide global capital markets, giving him oversight of foreign exchange, debt securities, derivatives, futures brokerage, and money market activities.

Federico "Fred" Sacasa, BankAmerica's Latin America chief, will stay in that role for the combined company. He has been with the San Francisco- based company for 10 years.

The Nicaragua-born banker began his career at Wells Fargo & Co. and subsequently spent five years at Banco de Credito del Peru.

Since joining BankAmerica, the 47-year-old executive has held a range of posts, starting as manager of the international affiliates and moving on for his first tour as head of Latin America operations in 1988.

He then headed up relationship management for Europe, the Middle East, and Africa from London, followed by a stint in international trade finance.

In June 1997, he became sales, marketing, and product development chief for BankAmerica's global payment services and wholesale operations.

Robert P. Morrow 3d, BankAmerica's group executive and vice president for banking in Asia, has been named to lead the combined bank's wholesale group in the region.

A corporate banker for more than 20 years, Mr. Morrow joined BankAmerica in 1990 as senior vice president and managing director for mergers and acquisitions.

A year later, he was named executive vice president and head of the company's U.S. division, where he was responsible for managing wholesale banking relationships through offices across the nation.

Mr. Morrow started his career in 1972 at Wells Fargo & Co., where he was a senior vice president and manager for corporate banking. Ten years later, he joined Merrill Lynch's San Francisco office.

Reported by Olaf de Senerpont Domis, James R. Kraus, and J. Alex Tarquinio, Carey Gillam, and Snigdha Prakash

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