FLEET-FOOTED – FleetBoston Consolidates Asset Management Group

August 3, 2000 (PLANSPONSOR.com) - FleetBoston Financial has named Keith Banks as Chief Investment Officer and Chief Executive Officer of the newly formed Fleet Asset Management, which combines Fleet Investment Advisors, Columbia Management Company, Large Institutional Sales, Galaxy Funds and Retirement Plan Services.

Banks joins Fleet from J.P. Morgan Investment Management, where he has been Managing Director and Head of U.S. Equities.

He will open a Fleet Asset Management office in New York as well as maintain the current Boston headquarters for the business.