Bank of America Illinois has hired a new senior executive to target customers who are accumulating wealth.
Susan P. Beacham is now senior vice president of personal trust and investment management for the Illinois unit of BankAmerica Corp., the company announced late last week. She reports to John A. McAdams, an executive vice president in Chicago.
Ms. Beacham was previously a vice president for Wells Fargo & Co. in Los Angeles. She ran Wells' national sales of private banking and trust products.
The seven people on Ms. Beacham's sales team will focus on attracting clients with at least $500,000 of investable assets, far fewer than normally required of private banking clients at B of A.