NEW YORK, Aug. 4 /EMWNews/ -- Bank of America announced today that

Kevin Phalen has joined the company's Global Product Solutions Division to

lead Integrated Debt and Treasury Solutions.



    



    In his new role, Phalen will be responsible for the end-to-end design,

profitability and performance of a broad array of credit and treasury

management solutions. His scope includes the bank's industry-leading and

rapidly growing commercial card and working capital management products in

the U.S. and internationally, Global Trade and Supply Chain solutions and

the bank's Commercial Debt products.



    "This is an exciting team to be a part of," said Phalen. "Bank of

America's breadth of products, capabilities and impressive high performance

platforms are a tremendous value proposition for clients. These advantages,

along with our strong client focus provide our clients with world class

working capital solutions. I look forward to working with my new teammates

and building upon this success to insure Bank of America stays on the

leading edge of treasury and credit solutions."



    Phalen comes to Bank of America from JPMorgan Chase where he most

recently was the product executive for the International Public Sector and

Global Card Solutions based in London. He has more than 20 years'

experience providing payable solutions to corporate, government and

financial services industries, including roles in product development,

client management, and operations, with First Data Corporation, MasterCard

International, and Sears Credit.



    "Kevin's broad, in-depth experience in all facets of product strategy,

management and global delivery makes him a terrific addition to our

leadership team," said Dub Newman, Global Product Management Executive.

"With demonstrated success in client delight, revenue growth and business

leadership, Kevin brings tremendous experience and talent to Bank of

America."



    Bank of America



    Bank of America is one of the world's largest financial institutions,

serving individual consumers, small and middle market businesses and large

corporations with a full range of banking, investing, asset management and

other financial and risk-management products and services. The company

provides unmatched convenience in the United States, serving more than 59

million consumer and small business relationships with more than 6,100

retail banking offices, more than 18,500 ATMs and award-winning online

banking with more than 25 million active users. Bank of America offers

industry leading support to more than 4 million small business owners

through a suite of innovative, easy-to-use online products and services.

The company serves clients in more than 150 countries and has relationships

with 99 percent of the U.S. Fortune 500 companies and 83 percent of the

Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is a

component of the Dow Jones Industrial Average and is listed on the New York

Stock Exchange.