Bank of America has named Ron Sturzenegger to replace Terry Laughlin as head of the bank’s Legacy Asset Servicing division, the unit that manages problem home loans and investors’ mortgage repurchase claims. Laughlin has now officially assumed his new role as chief risk officer, as announced by the company last month. Sturzenegger joined Bank of America in 1998. He most recently has served as a catalyst team member for Project New BAC, focused on the company’s home loans business.
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