CHARLOTTE, N.C. (AP) — Bank of America Corp. said Friday it has tapped Terry Laughlin to be the lender's chief risk officer.
Laughlin is now head of the Charlotte-based company's legacy asset servicing business.
The bank that Paula Dominick, its global compliance executive, will fill in as chief risk officer until Laughlin takes over late in the third quarter.
The previous chief credit officer, Bruce Thompson, recently moved to the post of chief financial officer.
Bank of America CEO Brian Moynihan noted that Laughlin has helped the company make significant progress dealing with its legacy mortgage issues.
The bank has been facing lawsuits from investors over …
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