In his new role, Phalen will be responsible for the end-to-end design, profitability and performance of a broad array of credit and treasury management solutions. His scope includes the bank's industry-leading and rapidly growing commercial card and working capital management products in the U.S. and internationally, Global Trade and Supply Chain solutions and the bank's Commercial Debt products.

"This is an exciting team to be a part of," said Phalen. "Bank of America's breadth of products, capabilities and impressive high performance platforms are a tremendous value proposition for clients. These advantages, along with our strong client focus provide our clients with world class working capital solutions. I look forward to working with my new teammates and building upon this success to insure Bank of America stays on the leading edge of treasury and credit solutions."

Phalen comes to Bank of America from JPMorgan Chase where he most recently was the product executive for the International Public Sector and Global Card Solutions based in London. He has more than 20 years' experience providing payable solutions to corporate, government and financial services industries, including roles in product development, client management, and operations, with First Data Corporation, MasterCard International, and Sears Credit.

"Kevin's broad, in-depth experience in all facets of product strategy, management and global delivery makes him a terrific addition to our leadership team," said Dub Newman, Global Product Management Executive. "With demonstrated success in client delight, revenue growth and business leadership, Kevin brings tremendous experience and talent to Bank of America."