The FINANCIAL — Bank of America announced that John (Jack) Ovel has been named Kansas City market president. Ovel succeeds Spence Heddens, who led the market for seven years and will continue in his role as senior philanthropic manager for U.S. Trust Philanthropic Solutions, according to Bank of America Corporation.
As market president, Ovel will serve as the company’s enterprise leader in Kansas City. He will work across the region to help deliver a wide range of global financial services to individuals and businesses locally, as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, financial education and employee volunteerism.
“Jack’s range of experience in financial services as well as being deeply respected in the Kansas City region will benefit our customers as he takes on this key leadership role,” said Brian Moynihan, Bank of America Chief Executive Officer. “As Kansas City market president, Jack will continue to leverage our local resources and talented team to support the needs of our clients as well as serve the community,” he added.
In addition to his responsibilities as market president, Ovel serves as regional vice chairman for business development in U.S. Trust in Kansas City. U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs, according to Bank of America Corporation.
Last year, Bank of America employees in Kansas City volunteered 9,200 hours to local nonprofits and continue to play a major role in philanthropic initiatives, including United Way and Habitat for Humanity. More than $877,000 in philanthropic giving in 2012 helped nonprofit community organizations develop and grow, including those that provide basic human services such as hunger relief and housing assistance, according to Bank of America Corporation.
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