Pollack makes the move from treasury to high-end credit products. Bank of America has moved Stephen Pollack, former head of liquidity products in its Global Treasury Product Management group, to its Global Wealth & Investment Management group, where he’ll be in charge of managing and developing banking, liquidity-management and credit products and services for the bank’s wealth-management clients.

Based in Boston, Pollack will report to John Bahnken, president of products for Bank of America’s wealth- and investment-management group.

Pollack will be work with Bank of America’s Premier Banking & Investments group, its private bank and with its family-office group to deliver credit and banking products and services to the banks wealthiest clients.

“Credit and banking remain core elements of our larger wealth-management offering to clients," says Bahnken. “With his broad product knowledge, vast client expertise and strong familiarity with the full resources of the Bank of America franchise, Steve Pollack and his talented team will continue to build momentum in this important product area.”

Before heading up liquidity products for the treasury group, Pollack led a number of business units within FleetBoston, since merged with Bank of America, including small-business services, corporate strategy and consumer marketing.

Global Wealth & Investment Management, one of Bank of America's three main divisions, had over $738 billion in client assets under administration, including more than $482 billion in assets under management, on 31 December 2005. –FWR

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