Bank of America has appointed Pierre de Weck, the former chairman and global head of Deutsche Bank’s wealth management business, as new director.
De Weck was also a member of Deutsche Bank’s executive committee and has held senior executive positions at Citicorp and UBS.
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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.
Apart from De Weck, the American banking giant has also named Clayton Rose, a professor of management practice at the Harvard Business School and a former senior executive of JP Morgan to its board.
The new additions bring the number of directors to 15 at Bank of America.
"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 Holliday, Jr.
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By GlobalData"The management team and I look forward to working with these two experienced leaders," said Bank of America CEO Brian Moynihan.
