BofA Names Alts. Group Leadership

Aug 8 2007 | 9:55am ET

Bank of America has announced six appointments to its new global wealth and investment management alternative investments group, and all but one are from within.

The new group, created through BofA’s merger with U.S. Trust, oversees about $6 billion in alternative investments for high net-worth investors, endowments, foundations, pension funds and other institutional clients. It is led by David Bailin, the former head of alternative investments at U.S. Trust.

Kathie Andrade, formerly an executive with the Private Bank of Bank of America, will lead the new group’s alternative investments network, which seeks to give clients access to all of BofA’s alternative products.

Kristina McDonough, who headed alternative investment product management at U.S. Trust, was named institutional channel director. Former BofA Private Bank Northeast Region President Suzanne Sack will serve as U.S. Trust channel director.

Finally, Steve Suss, most recently CFO and chief compliance officer at Greenwich, Conn.-based Heirloom Capital Management, joins the new group as chief administrative officer for hedge fund and p.e. investments.

Spencer Boggess, former CEO of U.S. Trust Hedge Fund Management, has been named director of hedge fund investments. James Bowden, who prior to the merger helped found Bank of America Capital Advisors and managed BofA’s private equity fund-of-funds business, will serve as director of p.e. investments.

“The group unites our alternative investment portfolio management, research and operations capabilities,” Bailin said. “We have independent teams dedicated to our high net worth and institutional clients, providing access to world class investment talent across the broad range of alternative investments via a unique mix of products. We are also enhancing our significant in-house research capability to educate and inform our clients about the most effective ways to use alternative investments in their portfolios.”


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note