CHARLOTTE, N.C.--(BUSINESS WIRE)--Jul. 24, 2013--
Bank of America’s Board of Directors today appointed Clayton Rose and
Pierre de Weck as new directors. The appointments are effective
Dr. Rose, 54, is a professor of Management Practice at the Harvard
Business School and a former executive of J.P. Morgan & Co., Inc. De
Weck, 63, served as Chairman and Global Head of Private Wealth
Management of Deutsche Bank and has held senior executive positions at
Citicorp and UBS.
“Clayton and Pierre are strong leaders who understand the operations of
global financial institutions. Their joining the board enhances the
already strong diversity of experience our board contributes to the
benefit of shareholders,” said Bank of America Chairman Charles O.
“The management team and I look forward to working with these two
experienced leaders," said Bank of America Chief Executive Officer Brian
The appointments bring the number of directors to 15.
Dr. Rose is a professor of Management Practice at the Harvard Business
School and a former senior executive of J.P. Morgan & Co., Inc. He
joined Harvard in 2007; he previously taught strategy at the Graduate
School of Business at Columbia University and the Stern School of
Business at New York University.
During his approximately 20 years at J.P. Morgan, Dr. Rose headed two of
the firm’s five major lines of business - Global Investment Banking and
Global Equities – and was a member of the firm’s senior management team.
He was a founder of J.P. Morgan’s equities business, and had management
roles in various securities, derivative and corporate finance businesses.
Dr. Rose received his Ph.D. in sociology from the University of
Pennsylvania. He earned an A.B. and MBA from the University of Chicago,
and an M.A. from the University of Pennsylvania. He is a director of XL
Group plc and a trustee of the Howard Hughes Medical Institute.
Pierre de Weck
De Weck served as member of the Group Executive Committee and Global
Head of Private Wealth Management of Deutsche Bank and has held senior
executive positions at Citicorp and UBS. In addition to his
responsibilities as head of Private Wealth Management, he was Chairman
of the Supervisory Board at Sal. Oppenheim Group, a wholly-owned
subsidiary of Deutsche Bank, until he retired in 2012.
He has served on the boards of directors at chemical companies Rhodia SA
and Clariant International Inc.
De Weck graduated with a Master of Science in Mechanical Engineering
from the Swiss Federal Institute of Technology, Zurich in 1973, and
graduated from the Massachusetts Institute of Technology with a Master
of Science in Management in 1976.
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. We serve approximately 51 million
consumer and small business relationships with approximately 5,300
retail banking offices and approximately 16,350 ATMs and award-winning
online banking with 30 million active users and more than 13 million
mobile 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 approximately
3 million small business owners through a suite of innovative,
easy-to-use online products and services. The company serves clients
through operations in more than 40 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.
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Source: Bank of America
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