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
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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