Bank of America Global Wealth & Investment Management Expands Regional Leadership to Serve High Net Worth Market

BOSTON, Oct. 31 /PRNewswire/ -- Bank of America Global Wealth & Investment Management officially announced that it will serve high net worth clients nationwide through eight regional teams, up from four, in order to further strengthen the delivery of comprehensive wealth management solutions to clients by bringing its senior leadership closer to major U.S. wealth markets.

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Individual client teams of The Private Bank of Bank of America, often comprised of client managers, portfolio managers, trust officers and wealth strategists, will continue to report to the organization's leadership in each respective wealth market and are directly accountable to Jane Magpiong, president, The Private Bank, and John Bahnken, president, GWIM Products Group.

In making the announcement, Magpiong said, "By having our client teams, as well as their management in close proximity to the wealthy clients and prospects for whom we advise and work on a daily basis, we are in the best possible position to quickly anticipate and respond effectively to their needs."

The Private Bank client teams and their leadership work closely together to serve the complex needs of wealthy individuals and families by providing an integrated approach to trust and wealth transfer services, liquidity management, comprehensive investments and credit solutions.

The new regional structure and leadership for The Private Bank and supporting teams is as follows:

Northeast (MA, ME, NH, upstate NY, RI) Regional President - Nina Charnley Regional Trust Executive - Bob Garty Investment Managing Director - Tom Manning Greater Tri-State (CT, DE, metro NY, NJ, PA) Regional President - Suzanne Sack Regional Trust Executive - Sam Fisher Investment Managing Director - Paul Cummings Mid-Atlantic (MD, Washington DC, VA, NC, SC) Regional President - Jesse Cureton Regional Trust Executive - Rick Tonetti Investment Managing Director - Rick Pomeroy Southeast (GA, FL) Regional President - Doug Di Virgilio Regional Trust Executive - Jeff Kaiser Investment Managing Director - Caroline Oliver Central (AR, IL, IA, KS, MO, TN) Regional President - John Brennan Regional Trust Executive - Ace Rowley Investment Managing Director - Hinton Crawford South (LA, NM, OK, TX) Regional President - John Taylor Regional Trust Executive - Louis Wilcox Investment Managing Director - John Kelley Northwest (northern CA, northern NV, OR, ID, WA) Regional President - Michael Conn Regional Trust Executive - Mike Dowling Investment Managing Director - Rob Howell Southwest (AZ, southern CA, southern NV) Regional President - Michael Pagano Regional Trust Executive - Open Investment Managing Director - Mary Buonfiglio

The Private Bank of Bank of America, part of Bank of America Global Wealth & Investment Management, one of the company's three primary divisions, has over 150 offices across the United States. With nearly $164 billion in assets under management as of June 30, 2006, The Private Bank delivers an array of wealth management capabilities and solutions to high net-worth individuals and their families.

Bank of America Global Wealth & Investment Management, one of the three primary divisions of the company, consists of Bank of America Premier Banking and Investments, The Private Bank of Bank of America and its extension, Family Wealth Advisors, which provide product and advisory solutions to affluent, wealthy and ultra high net worth clients respectively, as well as Columbia Management, the primary investment management arm of the company, and Banc of America Specialist, a specialist firm on the New York Stock Exchange.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 54 million consumer and small business relationships with more than 5,700 retail banking offices, more than 16,700 ATMs and award-winning online banking with more than 19 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 79 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange. http://www.bankofamerica.com/