Banking giant Bank of America's private bank has hired Palacio, a veteran executive from Citigroup, to lead its expansion efforts in South Florida. This move is seen as a strategic step towards increasing the bank's presence and market share in the region.

Source: https://www.bloomberg.com/news/articles/2024-08-09/bofa-private-bank-hires-citi-s-palacio-in-south-florida-push