netrashetty
Netra Shetty
<h2>Organisational Structure of Bank of America</h2>
Bank of America Corporation (NYSE: BAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
As of 2010, Bank of America is the 5th largest company in the United States by total revenue,[11] as well as the second largest non-oil company in the U.S. (after Wal-Mart). In 2010, Forbes listed Bank of America as the 3rd "best" large company in the world.[12]
The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry.[13]
The company holds 12.2% of all U.S. deposits, as of August 2009,[14] and is one of the Big Four Banks of the United States, along with Citigroup, JP Morgan Chase and Wells Fargo — its main competitors.
CEO
Brian Moynihan
2
Chairman of the Board
Walter Massey
4
Director
Charles Gifford
5
Director
Thomas May
6
Director
Thomas Ryan
2
Director
Monica Lozano
Director
Frank Bramble
4
Director
Charles Holliday
2
Director
Donald Powell
3
Director
Charles Rossotti
5
Director
Virgis Colbert
2
Director
Susan Bies
Director
William Boardman
16
Director
Paul Jones
3
Director
Robert Scully
CFO
Chuck Noski
Administration
AS
3
Risk
Bruce Thompson
Legal
EO
Strategy & Marketing
AF
Technology & Operations
CB
Consumer, Small Business & C...
JP
Banking & Markets
Thomas Montag
Commercial Banking
DD
2
Wealth & Investment Manageme...
Sallie Krawcheck
Home Loans & Insurance
BD
Human Resources
AS
Audit
MP
Accounting
NC
Investment
WM
CIO Captal & Wholesale
KJ
CTO
MG
2
Card Services
Richard Struthers
Global Card Services
BH
Asia
KMH
Merrill Lynch, Middle East &...
SM
Mergers & Acquisitions
SB
Delaware Market
TH
Corporate & Investment Bank
SS
Florida
EF
Orange County Market
GM
Corporate & Investment Banki...
FN
Quantitative Finance
BR
Another intervention or method in Organizational Development that can be used to improve the cultural dimension of the company is the use of Group Interventions. This type of intervention is aimed at increasing the effectiveness of work groups, and includes focus groups (2006). Group interventions provide an efficient complement to more prevalent individual and consultative approaches (1993). Through group interventions such as focus groups, group discussions and other group activities, the organization would be able to practice facilitating communication that is more effective, cooperation, and coordination among the members of a specific group, and reduction of conflicts. Group interventions are interrelated to another type of method in Organizational Development, which include Intergroup Interventions. If group interventions focus on the communication and conflict management within a specific group, Intergroup interventions focus on facilitating effective communication and conflict management among different groups. The last method or intervention that can be used is the Organizational Interventions, which uses system-wide interventions, using predominantly survey feedback and structural intervention mechanisms
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