Former top Citigroup executive Sallie Krawcheck is joining Bank of America Corp. as head of its global wealth and investment management group, according to a statement from the Charlotte, N.C.-based company. She replaces Brian Moynihan, who was named to a new position as the head of consumer banking.
Ms. Krawcheck — who was reportedly being considered to take over the top spot at UBS AG's U.S.-based wealth management business — was most recently in charge of the wealth management business at Citigroup Inc. of New York.
