Sieg was named head of RPS when Sallie Krawcheck, president of Bank of America Global Wealth & Investment Management (GWIM), announced her leadership team in September (see “BofA Brings in New Heads for Retirement, Wealth Management”).
The firm said Sieg has “realigned his leadership team to help further focus the business on meeting the needs of its personal and institutional clients, and to support strategic growth areas of the business.”
The company announced the following changes:
- Kevin Crain, formerly head of plan participant solutions, will now serve as head of Institutional Client Relationships, responsible for institutional retirement business development and client relationship management. Crain is also responsible for oversight of legislative and public policy issues pertaining to retirement.
- Personal Retirement Solutions business will now expand to include plan participant solutions. The unit will be headed by Aimee DeCamillo, who will continue to serve as head of Personal Retirement, responsible for retirement education and planning, IRA products and rollover process, 401(k) plan participant solutions, 529 plans, health savings accounts, retirement income solutions, and channel management.
- David Roberts has rejoined Bank of America Merrill Lynch as head of Equity Plan Services, responsible for managing the equity plan platform and the executive advisory services program, as well as the non-qualified deferred compensation platform.
The firm said Roberts will partner closely with DeCamillo and other partners in GWIM to drive wealth management relationships within the equity plan business. The move is an effort to strengthen the business’ equity plan platform and infrastructure.
Additional members of Sieg’s leadership team include: Paul Cummings, head of Institutional Investment & Advisory Services; John Furlong, head of Institutional Benefit Plans; Cary Grace, head of Philanthropic Management; Barry Lindenbaum, head of RPS Operations & Technology; and Kabir Sethi, head of Strategy & Institutional Business Office.