AXA Private Equity, the private equity investment arm of the French insurer, said it has appointed Benoit Verbrugghe as a member of its executive board, rewarding the 13-year veteran of the firm for his dealmaking and fundraising successes.Verbrugghe, who heads the firm's New York office, joins the now five-strong board led by CEO Dominique Senequier, AXA Private Equity said on Monday.Verbrugghe, 37, played a key part in raising a new $7.1 billion euro fund for buying portfolios of private equity assets from banks and other institutions, the largest fund raised by a European private equity group this year.He was also instrumental in two of the largest such deals, when the group acquired a $1.7 billion portfolio from Citigroup in 2011 and $1.9 billion portfolio from Bank of America in 2010, AXA Private Equity said in a statement.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 0.71% or $0.065/share to $9.18. In the past year, the shares have traded as low as $4.92 and as high as $10.10. On average, 134958000 shares of BAC exchange hands on a given day and today's volume is recorded at 43054184.
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