Economy
Scully is new director at Bank of America |
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| Economy | |
| Written by Roberta Murray | |
| Monday, 24 August 2009 | |
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The Bank of America (NYSE:BAC) Board of Directors today elected Robert W. Scully as a new director, effective immediately. Scully, 59, served as a member of the office of the chairman of Morgan Stanley focusing on the firm's key clients until January 2009, when he retired after nearly 35 years in the financial services industry. While co-president at Morgan Stanley, Scully was responsible for asset management, the Discover card business and merchant banking activities. Prior to that, he served as chairman of global capital markets and was vice chairman of investment banking where he was responsible for talent development, senior client relationships and strategic initiatives. Before joining Morgan Stanley in 1996, Scully served as a managing director at Lehman Brothers and at Salomon Brothers. Scully is chairman of the New York City region of Teach for America, Inc. and is also a member of the board of directors of the Global Fund for Children. Scully previously served as a member of the board of directors of GMAC Financial Services and MSCI Inc. He received a bachelor's degree from Princeton University in 1972 and an MBA from Harvard Business School in 1977. |
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