Last bank holdover resigns

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Thursday, June 29, 2000 | 11:27 a.m.

THE ASSOCIATED PRESS

SAN FRANCISCO -- The last top-ranking executive from the old Bank of America resigned Wednesday, turning the reins of the bank's corporate and global banking unit over to his successor-in-training more than a year early.

Michael Murray, who weathered the takeover by North Carolina's NationsBank, will leave his post as president of Bank of America Global Corporate and Investment Banking on July 31. Ed Brown, the division's deputy head, will succeed Murray.

Murray said the timing of his announcement -- he wasn't expected to leave the bank until late 2001 -- had to do with both personal and professional reasons.