In an apparent move to improve cross-selling efforts, Bank of America has shifted its executive ranks in its consumer banking division.
Katy Knox has been promoted to oversee all the bank's branches and ATMs. BofA has more than 5,900 bank branches and 18,000 ATMs. The Wall Street Journal broke the story.
Knox is a 2010 Charlotte Business Journal Women in Business award winner. She most recently led commercial banking efforts in the Southeast and Mid-Atlantic regions. Like CEO Brian Moynihan, Knox joined BofA when it purchased FleetBoston Corp. in 2004. She is based in Charlotte.
Departing the bank is Mark Hogan, a longtime executive that most recently oversaw retail banking on the East Coast.
The Journal also reports Dean Athanasia has moved from wealth management to the retail banking unit. It's believed his focus will be to increase cross-selling of retail products and wealth management products.
Cross-selling is one of Moynihan's top priorities. He has said the earnings potential of Bank of America and Merrill Lynch hinges on the ability to cross-sell products.
Read more: Bank of America shifts execs in consumer bank | Charlotte Business Journal
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