BofA’s Krawcheck Gives Sieg Expanded Wealth-Management Role

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Bank of America Corp.’s wealth-management division President Sallie Krawcheck has given retirement services head Andrew Sieg added responsibility over a unit managing investment products.

Sieg, 44, will be in charge of global investment solutions, Krawcheck told employees today in a memo obtained by Bloomberg News. Kunal Kamlani, 38, who joined Bank of America about 15 months ago, has decided to step down as the unit’s leader to pursue a career outside the firm, Krawcheck said. He had commuted to New York from Florida, where his family resides.