People moves

- Risk magazine staff
- 07 Jan 2010

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Brian Moynihan has replaced Ken Lewis as chief executive of Bank of America, effective January 1. Moynihan, formerly president of consumer and small-business banking, was elected to the top role by the bank’s board on December 16.

The Charlotte-based firm has been searching for a successor to Lewis since September, when he announced his resignation effective December 31 after eight years at the helm of the bank. In August, the bank implemented changes to its executive management committee with

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