UPDATE 1-BofA's wealth division poaches technology chief

Wed May 18, 2011 3:36pm EDT

* BofA hires David Reilly for post from Morgan Stanley

* Second senior hire by bank in IT area this year (Rewrites; adds Morgan Stanley comment)

CHARLOTTE, N.C. May 18 (Reuters) - David Reilly, a senior technology executive at Morgan Stanley (MS.N), has been hired as chief technology officer at Bank of America Corp's (BAC.N) wealth and investment management division, the bank said on Wednesday.

The move comes as Morgan Stanley is pushing to complete integration of its retail brokerage platforms with Citigroup Inc's (C.N) Smith Barney, a joint venture it promised will greatly increase the profitability of the world's biggest brokerage force. Reilly was Morgan Stanley's chief information officer for enterprise infrastructure.

A Morgan Stanley Smith Barney spokesman said Reilly had little involvement in the ongoing integration of the two companies' brokerage platforms and a successor to Reilly would be appointed in due course.

Reilly is expected to start at BofA in June and will be based in New York, reporting to BofA Chief Technology Officer Marc Gordon.

The appointment comes less than two months after the bank hired former U.S. senior intelligence official Patrick Gorman to oversee information security. [ID:nN31195027] (Reporting by Joe Rauch; editing by Robert MacMillan and Andre Grenon)

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