Bank of America Names New Private Bank President

Bank of America of Charlotte, N.C., today named Alan Rappaport as president of its Private Bank.

Rappaport joins Bank of America from JP Morgan Chase & Co. where he had been a managing director of Chase Investment Advisors.

The Bank of America Private Bank is part of the company’s Asset Management Group. The Private Bank, with more than $129 billion in asset, provides clients with investment management; alternative investments; specialized asset management including real estate; and online tools and information technology.

Rappaport will be located in New York. His appointment follows the naming of Richard DeMartini as head of Asset Management on Jan. 25.

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