Bank of America has announced changes to its divisional structure within its Premier Banking and Investments unit, which provides integrated banking and investment advisory services to clients with up to $3 million in investable assets.

Pat Phillips, president of PBI, which is part of Bank of America Global Wealth and Investment Management, said his organisation will operate through four division executives heading newly-defined geographic regions. Dean Athanasia will head Northeast division, Kim Burdick Southwest division, Matt Howard Pacific Northwest division and Keith Winn South and Midwest division. This team will promote partnerships across the larger Bank of America organisation.

As part of this announcement, Mr Phillips also indicated that Susan Walker, previously the Atlantic South division executive, has been appointed Bank of America state president for Florida and will continue to serve in a regional leadership role for northern Florida and Georgia, reporting to Keith Winn. Further, Mark Benson, previously the central region division executive, has been named chief operating officer for Bank of America Investment Services, Bank of America's retail brokerage.