The race to replace Bank of America Corp.'s chief executive Ken Lewis is on. The recent management moves announced by the bank has positioned several members of the new executive team for the job.
Barbara Desoer runs insurance and mortgage banking at BofA, which she joined in 1977. Most recently she led the integration of Countrywide Financial Corp., which BofA acquired in 2008 and in the process she launched the Bank of America Home Loans brand. Desoer also has served as chief technology and operations officer at BofA.
Desoer was the second Most Powerful Woman on Wall Street in 2008, according to American Banker, and was ranked one of the highest-paid women by Fortune. She is a graduate of Mount Holyoke College. Interesting trvivia, BofA bought Desoer's home when it wouldn't sell.
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