The season of change continues at Bank of America) with the banking giant announcing Thursday that David Sambol, president  and chief operating officer of “Countrywide Financial Corp.”:http://my.countrywide.com, will be retiring after Barbara Desoer, BofA’s chief technology and operations officer, successfully transitions into the role of president of consumer real estate operations once the two companies are combined.
The change comes at a time when the financial world is anticipating Bank of America’s complete acquisition of the subprime lending platform. In addition, BofA announced that Liam McGee will continue to serve as president of consumer and small business bank, while BofA’s Bruce Hammond will serve as president of credit card and unsecured lending.

“These changes reflect our commitment to aligning our best talent to our greatest growth opportunities,” said Ken Lewis, chairman and chief executive officer of BofA. “We are focusing our consumer organization to drive growth in our three largest and most critical consumer profit pools — deposits, card and mortgage,” Lewis said. “These three talented executives will work together to deliver integrated sales, service and fulfillment to our customers.”
Lewis elaborated on what BofA considers the company’s strong suit and how the acquisition of Countrywide will fit into the company’s overall operations.
“One of the largest differentiators for Bank of America is our unique leadership positions in the cornerstone products of a consumer’s financial relationship: deposits, debit and credit card, and home lending,” Lewis said. “These are also the largest revenue and profit opportunities in U.S. financial services. We are the market share leader in deposits. We have the leading U.S. market share in the most important payment devices, credit card and debit card. The Countrywide acquisition will create a leading position in home financing.”
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