Bank of America has named Keith Banks president of its asset management unit.

Banks was chief executive officer of Columbia Asset Management, the money management unit of FleetBoston Financial. BofA bought acquired FleetBoston in October.

The top spot was vacated by Robert Gordon, who left his perch as ceo of BofA in September after New York Attorney General Eliot SPitzer made allegations that he approved mutual fund late trading and timing at the firm.

In the meantime, Brian Moynihan, president of Bank of America's wealth and investment management group, said replacement at Columbia could be named in six to eight weeks.  

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