Bank of America names new head of US Trust

Katy Knox named president, replacing Keith Banks, who will become vice chairman of the global wealth and investment management unit

Oct 2, 2017 @ 1:03 pm

By InvestmentNews

Bank of America has named Katy Knox president of its U.S. Trust private banking business, replacing Keith Banks.

Mr. Banks, who held the post since 2009, will become vice chairman of the global wealth and investment management unit, which encompasses Merrill Lynch Wealth Management and U.S. Trust. He also will continue as head of BofA's chief investment office and investment solutions group.

Mr. Banks, who was appointed to that position in November 2016, joined BofA in 2004 following its acquisition of FleetBoston Financial.

(More: See all the latest financial adviser moves in the InvestmentNews Advisers on the Move database)

Ms. Knox has led business banking at Bank of America since 2014.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

InvestmentNews celebrates diversity & inclusion in the financial advice business

Highlights of the Excellence in D&I Awards, showcasing the achievements of 26 individuals and firms that are moving the needle when it comes to diversity and inclusion.

Latest news & opinion

Don't be fooled by the numbers — the industry is in a dangerously vulnerable state

Last year's stock market gains helped advisers turn in solid growth in assets and revenue, but that growth could disappear in the next market downturn.

Divided we stand: How financial advisers view President Trump

InvestmentNews poll finds 49.2% approve of his performance, while 46.7% disapprove. How has that changed over the course of his presidency?

10 states with the most college student debt

Residents of these states have the most student debt when you consider their job opportunities.

Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals

In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.

Invesco to buy OppenheimerFunds

Deal brings Invesco another $246 billion in assets, as well as high-fee actively managed funds.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print