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Rating:BoA Promises Beantown 300 More Jobs Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 10, 2004

BoA Promises Beantown 300 More Jobs

by: Theresa Sim

Bank of America will relocate 300 more jobs to Boston in 2005 to build out its wealth and investment unit, the company announced in a release on Thursday.

The jobs affected include positions at Columbia Funds adviser Columbia Management, as well in operational units such as the Wealth & Investment Management group's legal, marketing and finance departments.

Bank of America spokeswoman Alex Liftman declined to comment on how many jobs within Columbia Management would be relocated; Columbia Management is based in Boston.

"Hundreds of talented investment management executives responsible for leading one of the company's four major business lines will soon be gathered [in Boston]," stated Brian Moynihan, president of wealth and investment unit.

BoA committed to relocating 100 positions to Boston in September.  

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