Bank of America Names Thomas G. White Head of Global Markets

NEW YORK, June 1 /PRNewswire/ -- Bank of America announced today that Thomas G. White has been named Head of Global Markets. White will be based in New York and will report to Gene Taylor, Vice Chairman of Bank of America and President of Global Corporate and Investment Banking.

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White, currently Global Head of Credit Products, joined Bank of America in 1994 as a managing director in high yield trading. His responsibilities have included sales, trading, research and capital markets across a range of debt products, including high grade and high yield bonds, distressed debt and syndicated lending. White joined Bank of America from Morgan Stanley.

"Over his 13 years at our company, Tom White has participated in the growth of our investment banking and capital markets platform from a fledgling start-up to a market leader," said Taylor. "He is an exceptional leader who fostered an innovative, client-focused culture that has contributed dramatically to the success of our businesses. He will capitalize on our strengths in distribution and in high-grade debt, leveraged finance, structured products, syndications, liquid products and equity derivatives to lead the continued growth of Global Markets."

"Bank of America's ongoing commitment to building its investment bank has led to sustained organic growth in the platform," White said. "We are increasingly recognized by clients for our depth and breadth of capabilities, the strength of our balance sheet, and our laser focus on client solutions. I am pleased and honored to have the opportunity to lead such a significant part of our organization."

Taylor also announced that Mark Werner will be leaving the company to pursue other opportunities. "We thank Mark for his contributions to our business and wish him well in his future endeavors," said Taylor.

White holds a bachelor's degree from Notre Dame, an MPA from Harvard and an MBA from the Wharton School.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit http://www.bankofamerica.com/