Herald Staff Report

A Havana native with strong local ties has been named to one of the top posts at Bank of America.

Alvaro G. de Molina has been named president of global corporate and investment banking at the Charlotte-based financial giant, reporting directly to Kenneth Lewis, chairman and chief executive.

Previously, de Molina served as treasurer of the bank. He emigrated to the United States in 1960 and grew up in New Jersey, where he graduated from Fairleigh Dickinson University before earning a master's of business administration at Rutgers.

He owns a condo in Miami, according to a Bank of America spokesman, and also serves on the Dean's Council at Florida International University's College of Business Administration.