BoA Private Bank Expands Philanthropy, Non-Profit Capacity

Tom Burroughes

18 April 2019

Bank of America Private Bank has made two hires to bolster its work in the area of philanthropy and the non-profit sector.

The US firm hired a senior institutional sales director in the Southeast market, as well as an institutional sales director in the Mid-Atlantic market.

Ben Clark and Ryan Robinson, the new appointees, will report to Bernard Reidy, national philanthropic sales executive. They will focus on expanding and generating new institutional non-profit and foundation relationships. They join senior institutional sales director Tom Lawson, based in Winston Salem, North Carolina, and will work with the local private bank and Merrill advisors and leaders.

Clark has joined Bank of America’s Southeast team as a senior institutional sales director, based in Ponte Verde, Florida. Clark has over 18 years of experience in the institutional investment services marketplace and joined the firm in 2015 as a member of Bank of America Merrill Lynch’s Global Institutional Consulting Group. Prior to joining the firm, Clark served under SunTrust Bank for 16 years, holding various senior-level posts within their Institutional Investment Solutions division.

Robinson has joined the Mid-Atlantic team as an institutional sales director, working with Clark and Lawson. Most recently, Robinson was a regional director at SEI where he was responsible for working with non-profit clients in the Central North and Southeast United States. Robinson will be based in Conshohocken, Pennsylvania.

“We are seeing a growing demand for outsourced CIO services from institutions and foundations of increasing size and complexity. In response, Bank of America is investing and expanding resources to serve these charitable entities by hiring seasoned industry professionals such as Ben and Ryan,” Bernie Reidy, national philanthropic sales executive, said.

Clark and Robinson follow a number of new hires for the organization, including senior institutional sales directors Tim Hickey and Crissie Fortmeyer in New York and Dallas, along with institutional sales director Joseph Bui in Century City, California.

Other recent hires include market executives Tiffany Eubanks-Saunders in Tennessee and Kentucky, Emily Dreas in Southern Connecticut, Kathleen Auth in Upper New England, and Shaun Stimpson in Upstate New York. Market sales executive Gregg Frierson and private client advisor Lindsey Jeffries also recently joined the firm and are based in Columbia, South Carolina.