Bank of America Asset Management Group (AMG) has hired Daniel Darst to fill the newly-created position of marketing executive. AMG encompasses BofAs capital management group and private banking, trust, and retail bank brokers.
In his new position, Durst will oversee and coordinate the marketing activities of all AMGs business units as well as further develop the firms market research capabilities.
Durst comes most recently from Citigroup Asset Management, where for the past three years he served as head of U.S. retail marketing. Since February, Durst shared the post with Peter Mastrantuono, who came from TD Waterhouse.
"His duties have been assumed by his co-head," said a Citigroup spokesman. He said that Dursts departure is unrelated to Mastrantuonos appointment.
Prior to his stint with Citigroup, Durst spent a few years as national sales manager at American Skandia.
He will now report to Richard DiMartini, president of AMG, and will work alongside the marketing teams at each of AMGs business units.