{"id":28887,"date":"2014-08-20T08:40:23","date_gmt":"2014-08-20T12:40:23","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=28887"},"modified":"2014-08-20T08:40:23","modified_gmt":"2014-08-20T12:40:23","slug":"bank-of-america-corp-nysebac-elevates-thomas-montag-as-sole-chief-operating-officer-and-david-darnell-as-vice-chairman","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/bank-of-america-corp-nysebac-elevates-thomas-montag-as-sole-chief-operating-officer-and-david-darnell-as-vice-chairman-28887","title":{"rendered":"Bank Of America Corp (NYSE:BAC) Elevates Thomas Montag As Sole Chief Operating Officer And David Darnell as Vice Chairman"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 A financial holding company, <strong>Bank of America Corp (NYSE:BAC)<\/strong> had promoted two of its co-Chief Operating Officer. One of them Thomas Montag was elevated as its sole Chief Operating Officer from the current position of co-Chief Operating Officer. He was credited for helping the bank to build its investment banking powerhouse.<\/p>\n<p style=\"text-align: justify;\"><strong>COO &amp; Vice Chairman Appointment<\/strong><\/p>\n<p style=\"text-align: justify;\">The bank had also promoted Montag\u2019s colleague and another co-Chief Operating Officer, David Darnell, as Bank Of America Corp (NYSE:BAC)\u2019s vice chairman. He will be shifted to Tampa, Florida, from Charlotte in North Carolina; <a href=\"http:\/\/dealbook.nytimes.com\/2014\/08\/19\/bank-of-america-names-thomas-montag-sole-c-o-o\/?_php=true&amp;_type=blogs&amp;partner=yahoofinance&amp;_r=0\">New York Times<\/a> reported quoting internal memo of Brian Moynihan, the bank\u2019s Chief Executive Officer or the CEO.<\/p>\n<p style=\"text-align: justify;\">Montag would also continue to administer some of the most successful businesses of Bank of America, which includes investment banking apart from sales and trading. He was a trading executive at <strong>Goldman Sachs Group Inc (NYSE:GS)<\/strong> before he made his entry into Bank of America.<\/p>\n<p style=\"text-align: justify;\">Bank Of America Corp (NYSE:BAC)\u00a0CEO disclosed in the memo that Darnell had been approaching him with a request to make changes that would enable him to relocate to Tampa so as to live with his family. Accordingly, he had been designated as Vice Chairman and would be shifted to Tampa.<\/p>\n<p style=\"text-align: justify;\"><strong>Reporting<\/strong><\/p>\n<p style=\"text-align: justify;\">Moynihan disclosed that Darnell would have to report directly to the Chief Executive Officer in his new role. He would also be leading international wealth and investment management, including the U.S. Trust, Merrill Lynch, and business banking.<\/p>\n<p style=\"text-align: justify;\">The CEO paid rich tributes to Thomas Montag\u2019s leadership since it was instrumental in fueling the bank forward. He would also be entrusted with the continuous focus of his energies towards the institutional businesses.<\/p>\n<p style=\"text-align: justify;\">Bank Of America Corp (NYSE:BAC)\u2019s Chief Executive also took the opportunity to announce Dean Athanasia and Thong Nguyen as management team members. While Athanasia heads the preferred and small business banking, Nguyen leads retail banking division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 A financial holding company, Bank of America Corp (NYSE:BAC) had promoted two of its co-Chief Operating Officer. One of them [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":19608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1942],"tags":[1654,1865,1010,734],"stock_ticker":[],"class_list":["post-28887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bank-of-america-corp-nysebac","tag-goldman-sachs-group-inc-nysegs","tag-nysebac","tag-nysegs","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank Of America Corp (NYSE:BAC) Elevates Thomas Montag As Sole Chief Operating Officer And David Darnell as Vice Chairman - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/bank-of-america-corp-nysebac-elevates-thomas-montag-as-sole-chief-operating-officer-and-david-darnell-as-vice-chairman-28887\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Of America Corp (NYSE:BAC) Elevates Thomas Montag As Sole Chief Operating Officer And David Darnell as Vice Chairman - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 08\/20\/2014 (wallstreetpr) \u2013 A financial holding company, Bank of America Corp (NYSE:BAC) had promoted two of its co-Chief Operating Officer. 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