Bank of America Extends CEO Search to New York

Bank of America Corp (NYSE:SZE) have decided to broadened its search for a chief executive officer (CEO) to include candidates who want to live in New York.

Chairman Walter Massey is concerned there may not be a enough qualified candidates willing to move to Charlotte, which is 330 miles south of Washington. CEO Kenneth Lewis, who is stepping down at the end of the year, has said Charlotte will remain headquarters as long as he’s in charge.

Thomas Brown, CEO of New York based hedge fund Second Curve Capital. “It does reflect well on the board that they’re not going to let the headquarters location limit their selection in terms of CEOs, there aren’t too many people around the world who think that Charlotte is a major financial center.”

The leading internal CEO candidates are Chief Risk Officer Gregory Curl, 61, who lives in Charlotte, and consumer-banking chief Brian Moynihan, who almost left the bank last year after he declined to take a new post in Wilmington, Delaware. To read more on this story go to bloomberg.com.