Bank of America announced on Wednesday the appointment of Clayton Rose and Pierre de Weck as the bank’s new directors, effective immediately.
“Clayton and Pierre are strong leaders who understand the operations of global financial institutions,” Bank of America Chairman Charles O. Holliday said. “Their joining the board enhances the already strong diversity of experience our board contributes to the benefit of shareholders.”
Rose is a professor of management practice at Harvard and a former JPMorgan executive. During his tenure at JPMorgan, he headed two of the company’s major business lines, including global investment banking and global equities. He has a Ph.D. in sociology from the University of Pennsylvania and a master’s in business administration from the University of Chicago.
De Weck is the former chairman and global head of private wealth management at Deutsche Bank. He has held numerous senior executive positions at both Citicorp and UBS. He also served on the boards of directors at chemical firms Rhodia and Clariant International, and he holds a master’s degree in mechanical engineering from the Swiss Federal Institute of Technology.
“The management team and I look forward to working with these two experienced leaders,” Bank of America CEO Brian Moynihan said.