Bank of America has named Laurie Krupa as Premier Banking and Investments northeast division executive within the company's larger Global Wealth and Investment Management division. Based in New York, Ms Krupa replaces - and will now report to - Dean Athanasia, recently named PBI president following the retirement of Pat Phillips, who had led this business line since 2005.

She will be responsible for leading the delivery of tailored financial solutions to affluent individuals and families throughout the northeast through the Bank of America Premier Banking and Banc of America Investment Services organisations.

Ms Krupa most recently served as Global Product Solutions client service executive within Bank of America Global Corporate and Investment Banking.