BofA’s Zagury Quits as Derivatives Chief for Wealthy Clients

BofA’s Zagury Quits as Derivatives Chief for Wealthy Clients

Victor J. Blue/Bloomberg

Bank of America Corp., the second-largest U.S. lender by assets, earned $2.2 billion at its wealth-management division last year, a 29 percent increase from the previous year as asset management fees rose to a record $6.1 billion.