BofA Rebrands Institutional Consulting Group
Bank of America Merrill Lynch is rebranding its Institutional Consulting Group to become Global Institutional Consulting (GIC).
BofA selected Tom McAuliffe to be Managing Director and Head of Global Institutional. In this role, he is responsible for leading business strategy and execution, improving risk management, and ensuring the development and delivery of institutional investment solutions to pension plans, foundations, endowments, and other institutional clients.
Prior to joining BofA Merrill Lynch in April 2011, McAuliffe served as Director of Graystone Consulting, Morgan Stanley Smith Barney’s investment consulting group, serving institutional investors and high-net-worth clients. He was responsible for day-to-day business management, including support for financial advisers providing investment advisory and fiduciary services to institutional clients (see “McAuliffe to Join BofA Merrill Lynch Retirement Services”). He holds a B.S. in business administration from Northeastern University.
In addition, a team of institutionally-focused advisers has recently joined the bank from Convergent Wealth Advisors. The team is led by George Dunn, Peter Dunne, and Bruce Wall, and manages more than $2.7 billion in assets.
BofA recently announced a reorganization affecting the retirement division (see “BofA Names Global Wealth & Retirement Solutions Leadership Team“).