He will join Bank of America in October, based in New York.
Utendahl has served as vice chairman of investment banking at Deutsche Bank since March 2010. He focused on 'cultivating and enhancing major platinum client relationships' at the bank, according to Black Enterprise magazine’s 2011 list of the 75 most powerful black people on Wall Street.
In the meantime, the New York Post reports that Bank of America CEO Brian Moynihan has the look of a winner — one who went through the wringer.
Moynihan is telling people close to him that he expects to succeed in his effort to retain his chairman and CEO roles at a critical shareholder vote on Tuesday.