Mr Prince will report to PB&I president Dean Athanasia and will be leading the delivery of tailored financial solutions to affluent individuals and families throughout the Pacific Northwest, which includes Northern California, Washington, Idaho, Oregon and Nevada.

Mr Athanasia said: "In recent years, Ben has played a critical role in our ongoing recruitment efforts nationwide – particularly within our brokerage business, which is a top priority. We will continue to look to his leadership in this area as we move forward with our growth plans and appoint talented professionals to serve our clients in this important region and across the country."

Mr Prince most recently served as PB&I region executive for Orange County and Inland Empire.

PB&I, a primary business within Bank of America Global Wealth and Investment Management, is a partnership between Bank of America Premier Banking and Banc of America Investment Services.