Bank of New York Mellon CEO Reportedly Declines BofA Job (BK,BAC)

11/2/2009 - Bank of New York Mellon (NYSE:BK) CEO Robert Kelly was recently approached about taking the chief executive job at Bank of America (NYSE:BAC), but declined the offer, according to a Wall Street Journal report that cites people familiar with the situation and Mr. Kelly's thinking. Kelly has been approached more than once about taking Ken Lewis' job, but has shown no interest. The choice of Kelly as a candidate shows that BofA's directors are becoming more interested in an outsider for the position. Insiders have not been ruled out, however, as the sources said that contenders for the job include Bank of America's chief risk officer, Gregory Curl, and consumer and small-business banking chief Brian Moynihan. The search committee is not expected to come out with a choice until at least the end of the week at the earliest.

Write to Chip Brian at cbrian@tradethetrend.com

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