Bank of America Names Laughlin President of Strategic Initiatives, Greener Chief Risk Officer
April 24 2014 - 6:21PM
Business Wire
Bank of America Corporation today announced that Chief Risk
Officer Terry Laughlin is moving to a new role as president,
Strategic Initiatives. Geoffrey Greener, Enterprise Capital
Management executive, will become chief risk officer.
“These changes mark the next phase of work to simplify our
company, manage risk, and improve our efficiency and operational
excellence,” said Chief Executive Officer Brian Moynihan. “We
continually sharpen our focus on helping our customers and clients
live their financial lives and on delivering value to our
investors.”
Laughlin’s responsibilities will include Corporate Strategy and
Enterprise Client Coverage, the company’s program to serve
customers and clients with integrated business capabilities in each
market and community. Laughlin will continue to report to Moynihan
and remain a member of the company’s senior management team.
Laughlin also will oversee the internal companywide initiative
known as Simplify and Improve, to identify opportunities to reduce
complexity, simplify work flow, and invest in the company’s
operating platform.
This builds on Project New BAC, a multi-phase, companywide
initiative that began in 2011 to align businesses and costs with
the company’s strategy and operating principles and increase
revenues.
Also reporting to Laughlin are Legacy Assets and Servicing and
U.K. Card Services.
As chief risk officer, Greener joins the senior management
team.
Bank of AmericaBank of America is one of the world's largest
financial institutions, serving individual consumers, small
businesses, 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
approximately 49 million consumer and small business relationships
with approximately 5,100 retail banking offices and approximately
16,200 ATMs and award-winning online banking with 30 million active
users and more than 15 million mobile users. Bank of America is
among the world's leading wealth management companies and is a
global leader in corporate and investment banking and trading
across a broad range of asset classes, serving corporations,
governments, institutions and individuals around the world. Bank of
America offers industry-leading support to approximately 3 million
small business owners through a suite of innovative, easy-to-use
online products and services. The company serves clients through
operations in more than 40 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank of America
news.
www.bankofamerica.com
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Jonathan Blum, Bank of America (Fixed Income),
1.212.449.3112Reporters May Contact:Larry Di Rita, Bank of America,
1.704.941.1460lawrence.di_rita@bankofamerica.com
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