The move represents a number of developments across BoA's wealth management and private banking arm in recent months.

Bank of America Private Bank has appointed Mike Marino as Georgia market executive. Previously, he worked at JP Morgan Private Bank, where he was vice chairman of its South Atlantic region.

Marino is on garden leave and will join BoA in late April, this publication understands.

In total, Marino has more than three decades’ industry experience, working in private banking and investment banking.

He holds a BA from Vanderbilt University and an MBA from Emory University. Marino has held leadership positions for educational organizations including the Emory University Advisory Board, finance committee chair for Atlanta Speech School, and The Posse Foundation Board. Marino serves as a board member for the Capital City Club as well as the Purpose Built Communities organization.

See here for the latest financial results at Bank of America. In January, BoA's Merrill Wealth Management launched its new UHNW Advisory Group. In November, Bank of America Private Bank added a team of former Citi Private Bank figures in Palm Beach, Florida.