The Private Bank of Bank of America today officially announced the appointment of Patrick Petersohn as market executive for the Kansas City market.
In this role, Petersohn is responsible for leading The Private Bank's efforts in delivering comprehensive wealth management services and advice to wealthy individuals and families in the market, which includes offices in Kansas City and Springfield as well as Topeka and Wichita, Kansas and Des Moines, Iowa.
Based in Kansas City, Petersohn will oversee Private Bank teams that serve the complex needs of clients by providing an integrated approach to trust and wealth transfer services, liquidity management, comprehensive investments and credit solutions. Petersohn, who will report to Private Bank Central Region President John Brennan, comes to Bank of America from Fifth Third Bank in Cincinnati, where he was a senior vice president and national sales manager for their retail brokerage.
"Patrick is a proven leader with experience building world-class teams and leveraging partnerships that extend across divisions," said Brennan. "With his guidance, our client teams will help ensure our existing and prospective high net worth clients benefit from the full power of the Bank of America franchise."
Prior to joining Fifth Third Bank in 2005, Petersohn held various leadership roles during a 10-year tenure at Charles Schwab, including serving as a regional sales and marketing executive. Petersohn received his B.A. from University of Northern Iowa in Cedar Falls.
The Private Bank of Bank of America, part of Bank of America Global Wealth & Investment Management, one of the company's three primary divisions, has over 150 offices across the United States. With nearly $165.5 billion in assets under management as of March 31, 2007, The Private Bank delivers an array of wealth management capabilities and solutions to high net worth individuals and their families.
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services.
Source: Bank of America
The company provides unmatched convenience in the United States, serving more than 56 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with nearly 22 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.