Investing in the markets: is it safe, or too risky? Keith Banks, president of U.S. Trust, Bank of America Private Wealth Management, gives his outlook on investing for 2012 and beyond."
Bio
Keith Banks
Keith Banks is president of U.S. Trust, Bank of America Private Wealth Management, which provides integrated investment, trust, banking, and lending services to wealthy and ultra-wealthy clients. He also oversees BofA Global Capital Management, which offers money market funds, offshore funds, customized separate accounts, and subadvisory services to institutions and high-net-worth individuals. Banks previously served as president of Bank of America’s Global Private Client, Institutional and Investment Management business. During his career at Bank of America, he was also president of Global Wealth and Investment Management and president and chief investment officer of Columbia Management. He joined Bank of America in 2004, following its merger with FleetBoston Financial. Previously, Banks served as chief executive officer and chief investment officer of FleetBoston Financial’s asset management organization. Prior to joining Fleet, Banks was a managing director and head of US equity for JP Morgan Investment Management for four years.
William E. Mayer
William E. Mayer is the Senior Partner of Park Avenue Equity Partners, a private equity firm. From the fall of 1992 until December 1996, Mr. Mayer was a professor and Dean of the College of Business and Management at the University of Maryland. Mr. Mayer worked at The First Boston Corporation (now Credit Suisse), a major investment bank for 23 years where he held numerous management positions including President and CEO. Mr. Mayer is currently a board member of DynaVox, BlackRock Kelso and Lee Enterprises and is a trustee of the Columbia Group of Mutual Funds. Over the past 30 years, he has been a board member of numerous other public and private companies. Mr. Mayer was Chairman of the Board of the University of Maryland, College Park, Maryland and is currently on its Executive Committee. He is the U.S. Chairman of the British-North American Committee, a board member of the Acumen Fund and Atlantic Council, a member of the Council on Foreign Relations and the U.S. Vietnam Dialogue Group, and Vice Chairman of the Middle East Investment Initiative.
Keith Banks, president of U.S. Trust, Bank of America Private Wealth Management, believes that investors are too focused on short run gains in the stock market, and have lost perspective of long term investing.