(Source: Datamonitor)
Bank of America has named Jim Smith the new state president for New Mexico. He succeeds Rick Wadley, who will remain with the bank in Albuquerque, but has stepped down from the state president role to concentrate more fully on serving southwest global commercial product delivery clients.
As state president, Mr Smith will lead the team that delivers Bank of America's corporate social responsibility strategy locally, including overseeing philanthropic grants, community development activities, volunteerism, and serving as a steward for the bank's lending and investing initiative.
He will also work to improve coordination across local Bank of America business lines, align the bank's resources to local market needs and lead local marketing initiatives to strengthen the Bank of America brand.
Mr Smith will continue to serve in his role as the New Mexico complex director for Merrill Lynch Wealth Management, where he manages financial advisor teams serving clients across the state. He joined Merrill Lynch in 1997, and was promoted to his current position in 2008.
Benito Almanza, Bank of America's Arizona-New Mexico regional president, said: "Jim is an experienced professional who will be an effective champion for business growth, community investment and neighborhood vitality throughout New Mexico. This state is important for Bank of America, and we are fortunate to have such a strong, proven leader like Jim heading our team locally."
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