NEW YORK - Bank of America (NYSE:BAC) announced the retirement of William J. McDonough, effective December 31. The former president of the Federal Reserve Bank of New York and former chairman of the Public Company Accounting Oversight Board, McDonough joined Merrill Lynch & Co. nearly four years ago as vice chairman and special advisor to the chairman and continued in this role at Bank of America Merrill Lynch. McDonough advised senior management and was actively involved in business development efforts with governments and financial institutions around the world.
While at the Fed from 1993 to 2003, McDonough played a key role in efforts to preserve liquidity in the financial markets after the attacks of September 11, 2001, and was instrumental in successful efforts to recapitalize Long Term Capital Management after its financial problems in 1998. During this time, he also served as vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation's monetary policy. McDonough also was a member of the Board of Directors of the Bank for International Settlements and chairman of the Basel Committee on Banking Supervision. Earlier he was vice chairman of First Chicago Corp., and its bank, First National Bank of Chicago. McDonough is also a senior member of the Group of Thirty, an influential Washington-based financial advisory body.
"Bill McDonough has been at the pinnacle of financial services industry for decades," stated Kenneth D. Lewis, chief executive officer of Bank of America Corporation. "Having known Bill for many years, I'd like to thank him for his many contributions, specifically to our company and more broadly to our industry as a leader in both the public and private sectors."
"Bill McDonough has one of the finest minds in public policy," said Anne Finucane, global chief strategy and marketing officer at Bank of America. "Our company, the legacy Merrill Lynch firm, and the senior managers who have worked with Bill have greatly benefited from his expert insights, thoughtful counsel and wealth of relationships."
Prior to his career with First Chicago, McDonough was with the U.S. State Department from 1961 to 1967 and the U.S. Navy from 1956 to 1961.
McDonough is currently a member of the board of directors of the New York Philharmonic Orchestra. He is also Chairman of the Investments Committee for the United Nations Joint Staff Pension Fund.
McDonough earned a master's degree in economics from Georgetown University in Washington, D.C. and a bachelor's degree, also in economics, from Holy Cross College in Worcester, Massachusetts.
This decade-old blog is formed for sharing useful info from financial world free of cost .All posts here are for reference purpose only. It is advisable to study and learn the investment process and decision making criteria yourself .Users are advised to rely on their own judgement or investment advisor when any making investment decisions. Any investment decision should be taken with your own analysis and risk. The blog is aimed to promote the awareness of stock markets among retail investors.
Subscribe to:
Post Comments (Atom)
Disclaimer
Disclaimer : All information given here is for information purpose only. Users are advised to rely on their own judgement or investment advisor when making investment decisions. This blog is not liable and take no responsibility for any loss or profit arising out of such decisions being made by anyone acting on such advice.
Disclaimer && Decalration
This blog is formed for sharing useful information from financial world. This blog aims to increase the awareness among the people so that they are well informed .The blog also shares some details for investor, trader ,newbie friends in stock market on free buy/sell/hold recommendations.
Here the recommendations are shared along with information on Stock Splits, Right Issues, Bonus Issues, Latest Stock market updates.
This publication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. This publication, its publisher, and its editor do not purport to provide a complete analysis of any company's financial position. The publisher and editor are not, and do not purport to be, registered investment advisors. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the publisher cannot guarantee the accuracy or completeness of the information. This publication contains forward-looking statements, including statements regarding expected continual growth of the featured company and/or industry. The publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the company's actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products and services, the company's ability to fund its capital requirements in the near term and long term, pricing pressures, etc.
References
References :- Link Market - Free Link Exchange, Link Swap and Link Trade Directory
Have you ever tried to exchange links, swap links, or trade links? Was it hard? Use link market instead; - it is easy to use, free and very smart. It will save you hours of work.
Business PandaOnline business index
Xmatrix SoftwareXmatrix software publishes award-winning software, including x dupfile. And we have a xmatrix online business index that is growing.
Eladvertise.net
Buy text link advertisement for unlimited impressions. Act fast. Price starts at 15 euro and goes up.
King Cole Catering
Event and banquet caterer - banquet room rentals - weddings, receptions
Pulbic Adjuster Galveston
Www. Docudamage. Com is an information resource created by a public adjuster for policyholders, adjusters and contractors wishing to learn more about property damage documentation & the claims process.
Public Adjuster Galveston
We are a texas public insurance adjusting firm located in houston, tx. We represent home & business owners to their insurance companies on underpaid property damage claims. We are happy to give you a free evaluation of your claim. Call today!
Foreclosure - Financial - Credit Repair: Tips & Articles
Homeowner, credit repair, foreclosure, mortgage, investment, and stock, tips, articles and help. Financial help articles for consumers.
Used Cars Uk
Autoleague. Co. Uk is the right place for you to find used cars or dealers that sell used cars anywhere in the uk. Advertise your car for free. Make An Extra $2000 - $5000 Every Month With Vemmabuilder!
We will show you how to live a healthier lifestyle and earn a large income for little cost with our vemma products and vemmabuilder marketing system! Apple Computers, Parts, Software And Hd Background Free
Save on computer parts, computer hardware, laptop computers, desktop computers at ewoau. Com. Now free downloads and tons hd background free.
1v Web Design
Website design and development | free seo information and code tips | advertise on our world wide directory | find link partner's to help increase your page rankings | free stuff and much much more. ..
Shop All Broadband & Telephone | Phone Service Providers Here!
Shop communication service providers, price quotes and solutions for cable internet, high-speed satellite, fixed wireless, dsl, t1, t-1, voice t1, integrated t1, pri t1, bonded t1, ds3, ds-3, oc3, oc12, ethernet, vpn, mpls, sip trunking & voip here. Yard Signs
Speedysignsusa is one of the largest suppliers of yard signs, election signs, and political signs. Our store features a large selection of professionally designed templates, an online design tool, and the ability to upload your ready to print artwork Free Music Download
Download free music movies games at http://www. Topfreemusicdownloadsite.com Fixed Gas Detectors
Auric pacific engineering is the leading distributor of fixed gas detectors, portable gas detectors, solenoid valves and gas analyzers.Sediment Erosion Control
Deltalok is a leading company specializing in sediment erosion control, soil erosion control solutions.Harley Davidson Zone
Harley davidson zone! Customize yourself and your harley davidson motorcycle like you've always wanted. Whatever you ride we have what you are looking for. From jackets, boots and helmets to chrome accessories we are your harley davidson zoneLuontaistuotteet Proteiini Hiilihydraatit Immolina Sikainfluenssa
Www. Nutrition. Fi kun ei ehdi kaikista lisäravinteet ja luontaistuote jutuista huolehtimaan. Vitamiini - ja ravintolisä -tuotteet arkeen ja urheiluun. Sikainfluenssa - eli h1n1 virusta vastaan kehitetty immolina Gastrodirect
Grossiste horeca avec plus de 30. 000 articles pour livraison immediate. Garantie, sav, livraison rapide. Ce que il vous faut, four à pizza, refrigeration, materiel de collectivities.Pink Stretch Limousine
Get your pink stretch hummer party limo. Special events, sweet 16, bachelorette party, prom, wedding, bring baby home, kid's birthday, homecoming, graduation, concerts,batmitzvah, corporate events, quinceanera, anniversary. Affordable hire options.
No comments:
Post a Comment