Bank of America has appointed Clayton Rose and Pierre De Weck as new directors, bringing the number of directors at the firm to 15.

Rose, a former executive at JP Morgan, spent 20 years heading two of JP Morgan’s five lines of business - global investment banking and global equities. He was also a member of the firm’s senior management team.

De Weck previously served at Deutsche Bank as a member of its group executive committee and global head of private wealth management, before which he held a number of senior executive roles at Citigroup and UBS. In addition to his responsibilities as head of private wealth management, he was chairman of the supervisory board at Sal Oppenheim Group, a wholly-owned subsidiary of Deutsche Bank, until he retired in 2012.

Earlier in the month, Bank of America reported that the net income at its Global Wealth & Investment Management division swelled by 38 per cent from the second quarter of 2012 to $758 million as at June 30, 2013. Net income at the GWIM unit rose $38 million from $720 million during this year’s second quarter.