B of A’s private bank names central region head

FWR Staff

24 August 2005

Brennan gets the nod; Williams becomes Chicago-area market exec. The Private Bank of Bank of America has made John Brennan president of its 15-state central U.S. region. That puts him in charge of wealth-management services in 32 private-bank offices in Wisconsin, Texas, Tennessee, Oklahoma, Ohio, New Mexico, Missouri, Minnesota, Michigan, Louisiana, Kansas, Iowa, Indiana, Illinois and Arkansas. He’s based in Chicago. He reports to Bank of America private bank president Jane Magpiong.

The private bank also named Christopher Williams market executive for Chicago and the upper Midwest, a position that puts him in charge of his home-base office in Chicago as well as offices in Hinsdale, Ill., and Winnetka, Ill. Yet another private banking office, this one in Lake Forest, Ill., will come under his purview when it opens in a few months. Williams reports to Brennan, whom he succeeds.

“ and are proven leaders who bring strong management skills, broad industry expertise and an intense client focus to their new positions,” Magpiong says in a press release. “They know how to tap the full power of the larger Bank of America franchise for the benefit of clients and I'm enormously enthused to have them in these key leadership roles for our organization.”

Brennan has been with Bank of America for 20 years. In addition to his work with the private bank, which he joined in 2001, he has been a commercial-banking division market executive and a leader in the Bank of America’s change-management and corporate-marketing groups.

Williams was head of sales for the Private Bank of Bank of America in Chicago before he moved up to fill Brennan’s shoes. He’s been with the private bank since 2003. Before that he spent 20 years or so in the brokerage business.

Bank of America’s private bank says it has the largest geographic footprint in the U.S. with 150 offices in 39 states. It had $163 billion in assets under management at the end of June. –FWR

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