Terrence P. Laughlin

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71 year

Finance

Consumer Services

Commercial Services

Profile

Terrence P.
Laughlin served as Chairman & CEO at Merrill Lynch Bank & Trust Co., FSB from 2008 to 2008.
He was President & CEO at CIT Bank NA from 2009 to 2010.
From 2010 to 2018, he worked at Bank of America Corp.
as Vice Chairman & Head-Global Wealth.
Prior to that, he held positions at Mellon Bank, NA and FleetBoston Financial Corp.
He also served as a Director at The Depository Trust & Clearing Corp., Brooklyn Museum, The Urban Institute, and Bank of America Merchant Services LLC.
Additionally, he was a Trustee at the University of Pittsburgh.
Laughlin earned an undergraduate degree from Saint Francis University and an MBA from the University of Pittsburgh.

Former positions of Terrence P. Laughlin

Companies	Position	End
BANK OF AMERICA CORPORATION	Chief Investment Officer	-
University of Pittsburgh University of Pittsburgh Other Consumer ServicesConsumer Services Functions as a College/University	Director/Board Member	2018-10-25
The Urban Institute The Urban Institute Miscellaneous Commercial ServicesCommercial Services Provides social and economic policy research services	Director/Board Member	2018-10-25
Brooklyn Museum Brooklyn Museum Other Consumer ServicesConsumer Services Operates museums and art galleries	Director/Board Member	2018-10-25
Bank of America Merchant Services LLC Bank of America Merchant Services LLC Finance/Rental/LeasingFinance Finance company	Director/Board Member	2018-10-25

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Linked companies

Private companies	11
Mellon Bank, NA Mellon Bank, NA Regional BanksFinance Provides commercial banking services	Finance
Bank of America Corp. Bank of America Corp. Major BanksFinance Operates as a bank holding company whose subsidiaries provides consumer and global banking, markets brokerage & wealth and investment management services	Finance
FleetBoston Financial Corp. FleetBoston Financial Corp. Major BanksFinance Individually managed equity portfolios emphasize long-term growth and are constructed from a list of between 30 and 50 stocks carefully selected from a universe of about 300 companies. Typically large capitalization, these stocks are identified through a process that combines bottom-up company-by-company analysis with top-down screening. Approved stocks are combined in a portfolio that is deliberately diversified across economic sectors to manage risk while capitalizing on long-term economic expectations and demographic trends. Equities: The firm methodology for equities investing includes a systematic analysis of macroeconomic conditions. To be included in a portfolio a company must: 1) have historically low relative p/e ratio of stock to industry, stock to market and stock to GNP; 2) be growing at a rate greater than its current p/e multiple; 3) have a strong cash flow; 4) have increasing levels of dividends. Stocks are sold when they reach an extreme in the established price range, the fundamentals deteriorate, or there are more compelling buying opportunities available. Balanced & Fixed: The firm uses a combination of economic, international, and political analysis to begin to determine the proper asset allocation between fixed-income and equity investments. Fixed-income parameters are based upon forecasts of trends in economics and interest rates and other technical considerations. The equity portion of the portfolio is determined by establishing a likely range for the market based upon forecasts of earnings, inflation, and corporate price-earnings. In addition, consideration is given to the clients' investment objectives.	Finance
University of Pittsburgh University of Pittsburgh Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Merrill Lynch Bank & Trust Co., FSB Merrill Lynch Bank & Trust Co., FSB Savings BanksFinance Federally chartered savings bank	Finance
The Depository Trust & Clearing Corp. The Depository Trust & Clearing Corp. Financial ConglomeratesFinance Operates as a financial company that provides institutional trade processing, clearing, settlement and wealth management services	Finance
CIT Bank NA CIT Bank NA Major BanksFinance Provides personal and commercial banking products and services	Finance
Saint Francis University Saint Francis University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Brooklyn Museum Brooklyn Museum Other Consumer ServicesConsumer Services Operates museums and art galleries	Consumer Services
The Urban Institute The Urban Institute Miscellaneous Commercial ServicesCommercial Services Provides social and economic policy research services	Commercial Services
Bank of America Merchant Services LLC Bank of America Merchant Services LLC Finance/Rental/LeasingFinance Finance company	Finance