Ex-BofA Chief Armacost Goes to Weiss Peck

Samuel Armacost, who resigned under fire as chief executive of BankAmerica Corp. during its darkest days in the 1980s, has joined the investment firm of Weiss Peck & Greer as a general partner and a member of the firm’s management committee.

Armacost, 51, most recently was a managing director of Merrill Lynch Capital Markets in San Francisco. Before that he was president and chief executive of BankAmerica, but was forced out after the San Francisco-based bank suffered massive losses and nearly collapsed.

At Weiss Peck, Armacost will be principally involved in the investment management and management buyout areas. He will be based in the firm’s San Francisco office.

Philip Greer, a partner of Weiss Peck, said the firm “is a perfect outlet for Sam Armacost’s management and entrepreneurial skills. His considerable talent, experience and reputation will add significant value.”

“I am excited about the prospect of becoming a partner of a private, highly focused entrepreneurial firm,” Armacost said in a statement.