Bank of America's Gary Lynch, Former General Counsel, to Retire
March 14 2017 - 1:54PM
Dow Jones News
By Christina Rexrode
Gary Lynch, a vice chairman at Bank of America Corp. and the
former general counsel, is retiring.
Chief Executive and Chairman Brian Moynihan said in a note
posted to employees Tuesday that Mr. Lynch, 66, would retire April
1. His departure marks what Mr. Moynihan and others hope is a
turning point for the bank, which had long been saddled with heavy
litigation and is now trying to pivot to the everyday work of
growing revenue and income.
"Gary was an indispensable leader of our company during one of
the most challenging periods for our industry and the global
economy," Mr. Moynihan said in the note, a copy of which was
reviewed by The Wall Street Journal.
Mr. Lynch joined Bank of America in 2011, after stints guiding
Credit Suisse First Boston and Morgan Stanley through rocky
relationships with regulators.
Write to Christina Rexrode at christina.rexrode@wsj.com
(END) Dow Jones Newswires
March 14, 2017 13:39 ET (17:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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