Bank of America has announced a new management team based in Nashville to lead its Private Banking and Investments business in the region. The company named George Sousoulas and Carla Brown market director and market manager respectively, in charge of a team of client managers and financial advisors across Tennessee and Arkansas that service affluent clients with up to $3 million in investable assets. Mr Sousoulas joined the bank’s investment services division in 2003 from advisory firm Raymond James & Associates. Ms Brown worked her way up in the institution after starting as a part time teller 13-years ago. Both Mr Sousoulas and Ms Brown are locals to the Tennessee area. The Private Banking & Investments business is a partnership between the company’s two other subsidiaries, Bank of America Premier Banking and Banc of America Investment Services. PB&I currently has 75 dedicated centres with 5,700 employees, a number that will grow following the recent approval of its US Trust Corporation acquisition, that will add $98 billion in private bank client assets, expected to be completed in the third quarter.