B of A’s Coleman Shifts Duties for World Banking Division

Lewis W. Coleman, the Wells Fargo veteran recently installed as vice chairman in charge of world banking at Bank of America in San Francisco, has put his stamp on the division by realigning executives and responsibilities.

The changes fit with the bank’s 2-year-old strategy of essentially eliminating its consumer presence abroad in favor of corporate banking. Services previously spread among several groups have been combined into two new divisions reporting to Coleman.

William V. Young, an executive vice president in London, will be in charge of a division covering Europe, the Middle East and Africa. The division will handle trading, investment banking and wholesale transactions. Michael E. Rossi, an executive vice president in Los Angeles, will have the same responsibilities for a new Asia division.

Also created were four new groups consolidating services for Latin and North America, including domestic corporate customers.

Executive Vice President Richard L. Saalfeld will be responsible for wholesale banking, which is basically banking for businesses. Investment banking and leasing will fall to David A. Coulter, a senior vice president. Securities and foreign exchange trading will be headed by John R. Vella, an executive vice president.

Richard T. Griffith, an executive vice president, will be in charge of automation projects and back-office support for the world banking groups.