BankBoston Appoints Soura as Head of Cash Management.BOSTON--(BUSINESS WIRE)--Dec. 14, 1998-- -- Cash Management Critical Component of Banking Strategy -- In a move that reflects its ongoing commitment to the cash management business, BankBoston today announced the appointment of Marshall P. Soura as head of Cash Management. In this capacity, Soura is responsible for developing strategy and managing operations of cash management products and services. He reports to Barbara Clark Barbara Clark (born September 24, 1958 in Coronation, Alberta) is a former international freestyle swimmer from Canada, who won the bronze medal in the Women's Women's 4x100 Freestyle Relay, alongside Becky Smith, Gail Amundrud, and Anne Jardin. , executive vice president and head of Global Financial Services. "As a world-class financial services provider, it is imperative that we continue to invest in our cash management business," said Clark. "Marshall's 30 years of experience, and his outstanding leadership capabilities, will bring our business to new heights. His ability to anticipate our customers' needs in the context of increasing globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and the Internet era, and to translate those needs into differentiated solutions, is essential to our long-term growth goals for our cash management business. We're delighted he's joined our team." Soura joins BankBoston from Bank One, Dallas, where he was executive vice president and director of National Treasury Management Services. At Bank One, he managed a staff of 200 and developed a national treasury management business. Prior to Bank One, Soura spent 14 years at Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. where he was most recently senior vice president, responsible for developing alternative distribution methods for payment and trade finance products in Europe, the Middle East, Asia and Latin America. A member of the United States Marine Corps United States Marine Corps (USMC) Separate military service within the U.S. Department of the Navy (see U.S. Navy), charged with providing marine troops for seizure and defense of advanced bases and with conducting operations on land and in the air in connection with , Soura received a bachelor's degree in finance from La Salle University and is a graduate of the Stonier Graduate School of Banking, Rutgers University. BankBoston (NYSE NYSE See: New York Stock Exchange : BKB BKB Basler Kantonalbank (Switzerland) BKB Black King Bar (gaming weapon) BKB BV Kwaliteitsverklaringen Bouw (Dutch) BKB BankBoston Corporation ), with assets of $73.8 billion and some 25,000 employees, is the nation's oldest commercial bank. BankBoston is engaged in consumer and business banking in New England; delivering sophisticated financial solutions to corporations and governments nationally and internationally; and full-service banking in leading Latin American markets. The Corporation's common stock is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Boston stock exchanges. |
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