October 12, 2009 (FinancialWire) — Investment firm BlackRock, Inc. (NYSE: BLK) has named Bank of America Corp. (NYSE: BAC) executives Sallie L. Krawcheck and Mark D. Linsz to its board.

Krawcheck is president of global wealth and investment management for Bank of America, while Mark D. Linsz serves as corporate treasurer for B of A.

The appointments of Krawcheck and insz fill two seats vacated by Brian T. Moynihan and Daniel C. Sontag, who have stepped down from the Black Rock board.

Under the terms of BlackRock’s stockholder agreement with Merrill Lynch, Merrill may designate two directors to BlackRock’s board. Bank of America completed its purchase of Merrill Lynch in January.

BlackRock’s board has 16 members, ten of whom are independent and not affiliated with the company.

New York-based BlackRock is an investment management firm that, at June 30 posted $1.373 trillion of assets under management were. The firm manages assets on behalf of institutions and individuals worldwide through a range of equity, fixed income, cash management and alternative investment products.

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