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July 28, 2005

Business News: Bank of America Forms Global Corporate and Investment Banking Group

Source: yahoo! news:

Bank of America Names Gene Taylor Vice Chairman

CHARLOTTE (AP) -- Bank of America Corp. on Thursday said it will combine two business units to improve its services for business clients, and appointed Gene Taylor vice chairman.
The financial firm said it will form a Global Corporate and Investment Banking business by combining its global business and financial services segment, as well as its global capital markets and investment banking operations. Taylor, who heads the global business and financial services segment, also was named executive of the combined operation.

Bank of America said the combined operation will be organized by client coverage segments, markets and products to simplify its structure and align products and distribution in one organization.

"We are bringing together in one group all the products and distribution teams that serve all businesses from smaller businesses to the largest multinational corporations," said Kenneth D. Lewis, chairman and chief executive, in a statement. "This will clear a path for client relationship managers serving all segments of the market to provide comprehensive, strategic financial solutions to our clients."

LINK to article

Bio about Gene Taylor (taken from Hoover's Online, which obtained the info from a corporate Annual Report)

R. Eugene (Gene) Taylor, Age 56
President, Global Business and Financial Services

Work Highlights - Bank of America
2003: President, Commercial Banking
2002 - 2003, President, Consumer and Commercial Banking
2001: Became President, Consumer and Commercial Banking,

Biography
Taylor joined the company in Charlotte, N.C., in 1969 as a credit analyst. He served in branch offices, marketing and management positions across North Carolina. In 1986 he moved to Florida and in 1990 was named president of the Florida bank. In 1993 he was named president of NationsBank Mid Atlantic. After Barnett Bank was acquired in 1997, he returned to Florida as president of the merged bank. In 1998, Bank of America and NationsBank merged and Taylor was named president of the West Region. Responsibility for the Central Region was added in February 2000. In June 2000, Taylor was named president of Consumer and Commercial Banking. He assumed his current role in April 2004.

A Florida native, Taylor graduated from Florida State University with a degree in finance.


Posted by at July 28, 2005 6:17 PM Posted to Business News