Jeffrey Carney Is BoA’s New President of Integrated Retirement Business

Carney, who came to BoA from his position as president of Fidelity Retirement Services, will oversee the development and delivery of integrated retirement solutions for Bank of America’s nearly 17 million customers approaching or living in retirement, as well as its corporate and institutional clients, according to a press release. In his new role, he will expand and execute Bank of America’s enterprise-wide retirement strategy, encompassing all related product, sales and service, marketing and distribution activities.

Carney will also oversee the development of integrated product solutions for affluent and wealthy clients, and serve as president of Banc of America Investment Services, Inc. (BAI), the company’s retail brokerage, the announcement said. He will oversee all brokerage, banking, credit, custom credit, non-proprietary and fee-based investment products, fiduciary roles and philanthropy for GWIM clients, and will be responsible for the company’s mid-market institutional asset management business and all GWIM call center operations.

At Fidelity Retirement Services, Carney was responsible for the firm’s defined contribution, defined benefit, non-qualified plans and health savings businesses.