CHARLOTTE, N.C., Aug. 21 /PRNewswire/ -- The Bank of America Corporation
Board of Directors today elected Robert W. Scully as a new director, effective
Scully, 59, served as a member of the office of the chairman of Morgan
Stanley focusing on the firm's key clients until January 2009, when he retired
after nearly 35 years in the financial services industry.
While co-president at Morgan Stanley, Scully was responsible for asset
management, the Discover card business and merchant banking activities. Prior
to that, he served as chairman of global capital markets and was vice chairman
of investment banking where he was responsible for talent development, senior
client relationships and strategic initiatives. Before joining Morgan Stanley
in 1996, Scully served as a managing director at Lehman Brothers and at
Scully is chairman of the New York City region of Teach for America, Inc.
and is also a member of the board of directors of the Global Fund for
Children. Scully previously served as a member of the board of directors of
GMAC Financial Services and MSCI Inc.
He received a bachelor's degree from Princeton University in 1972 and an
MBA from Harvard Business School in 1977.
Bank of America
Bank of America is one of the world's largest financial institutions,
serving individual consumers, small- and middle-market businesses and large
corporations with a full range of banking, investing, asset management and
other financial and risk management products and services. The company
provides unmatched convenience in the United States, serving approximately 53
million consumer and small business relationships with more than 6,100 retail
banking offices, nearly 18,500 ATMs and award-winning online banking with 29
million active users. Bank of America is among the world's leading wealth
management companies and is a global leader in corporate and investment
banking and trading across a broad range of asset classes serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to more than 4 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients in more than 150 countries. Bank of
America Corporation stock (NYSE: BAC) is a component of the Dow Jones
Industrial Average and is listed on the New York Stock Exchange.
SOURCE Bank of America Corporation
CONTACT: Investors, Kevin Stitt, +1-704-386-5667, or Lee McEntire,
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Bank of America