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The New Ceo At Bankamerica


In Business This Week

THE NEW CEO AT BANKAMERICA

SIGNALING ITS COMMITMENT to expanding its international and corporate banking businesses, BankAmerica on Aug. 8 named David Coulter, 48, as its new chief executive. Coulter, vice-chairman of international and wholesale banking, will replace Richard Rosenberg when he steps down at age 65 on Jan. 1. Coulter was a surprise choice; Lewis Coleman, vice-chairman for finance, was widely considered to be Rosenberg's intended successor. But Coulter shone in his seamless management of BofA's merger with Continental Bank last year. Analysts expect Coulter to continue BankAmerica's expansion overseas, especially in Asia, though he promises no shift away from retail banking.EDITED BY THANE PETERSON


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