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Keith Banks President of U.S. Trust, Bank of America Private Wealth Management Keith Banks is president of U.S. Trust, Bank of America Private Wealth Management, which provides integrated investment, trust, banking and lending services to wealthy and ultra wealthy clients. He also oversees Columbia Management, Bank of America's asset management organization. U.S. Trust and Columbia Management are part of Bank of America's Global Wealth & Investment Management organization, which provides comprehensive wealth management to affluent and high-net-worth clients. It also provides retirement and benefit plan services, philanthropic management and asset management to individuals and institutions. Banks previously served as president of Global Private Client, Institutional and Investment Management for Bank of America. This business included U.S. Trust, Institutional Retirement & Philanthropy, Alternative Investments Asset Management, and Columbia Management. During his career at Bank of America, he was also president of Global Wealth & Investment Management and president and CIO of Columbia Management. He joined Bank of America in April 2004, following FleetBoston Financial's merger with Bank of America. Previously, Banks served as chief executive officer and chief investment officer of FleetBoston Financial's asset management organization. Prior to joining Fleet, Banks was a managing director and head of U.S. equity for JP Morgan Investment Management for four years. In this role, he was responsible for overseeing $125 billion in assets under management and managed a team of analysts and portfolio managers. During his 16-year career at JP Morgan, Banks also served as global head of research, encompassing operations in Tokyo, Singapore, Australia, London and the United States. Prior to that, he was head of U.S. equity research, having joined JP Morgan in 1984 as an equity research analyst for the chemical and textile industries. He began his investment career as an equity analyst at Home Insurance in 1981. Banks earned his BA degree in economics, magna cum laude and Phi Beta Kappa, from Rutgers University and his MBA degree in finance from Columbia Business School. He is a member of the American Bankers Association Investment Advisory Committee. Banks is active with the National Foundation for Teaching Entrepreneurship (NFTE). |