Wednesday, July 24, 2013

Bank of America adds directors

Bank of America's board has grown by two directors, the bank said Wednesday in announcing the appointments.

The appointments of former banking industry executives Clayton Rose and Pierre de Weck bring Bank of America's board membership to 15.

Rose, 54, a professor of at Harvard Business School, is a former executive of JPMorgan Chase & Co.

De Weck, 63, is former chairman and global head of private wealth management for Deutsche Bank. De Weck has also been an executive for Citicorp and UBS.

“Clayton and Pierre are strong leaders who understand the operations of global financial institutions," Bank of America Chairman Charles Holliday said in a press release. "Their joining the board enhances the already strong diversity of experience our board contributes to the benefit of shareholders."

The news comes after the bank announced in January that it was adding two directors.