Bank of America today announced that John (Jack) Ovel has been named Kansas City market president. Ovel succeeds Spence Heddens, who led the market for seven years and will continue in his role as senior philanthropic manager for U.S. Trust Philanthropic Solutions.
As market president, Ovel will serve as the company’s enterprise leader in Kansas City. He will work across the region to help deliver a wide range of global financial services to individuals and businesses locally, as well as deepen relationships with existing customers. He will also oversee corporate social responsibility activities including philanthropic giving, community development lending and investing, environmental initiatives, diversity efforts, arts and culture projects, financial education and employee volunteerism.
“Jack’s range of experience in financial services as well as being deeply respected in the Kansas City region will benefit our customers as he takes on this key leadership role,” said Bank of America Chief Executive Officer Brian Moynihan. “As Kansas City market president, Jack will continue to leverage our local resources and talented team to support the needs of our clients as well as serve the community.”
In addition to his responsibilities as market president, Ovel serves as regional vice chairman for business development in U.S. Trust in Kansas City. U.S. Trust, Bank of America Private Wealth Management is a leading private wealth management organization providing vast resources and customized solutions to help meet clients' wealth structuring, investment management, banking and credit needs.
Ovel joined Bank of America in 2011 and has more than 40 years of financial experience in wealth management services. A native of Dyersville, Iowa, he has a bachelor’s degree in mathematics from Loras College in Dubuque and also earned his MBA from the University of Chicago with an emphasis in finance.
Long active in the community, Ovel currently serves as chairman of the board of Children’s Mercy Hospital and as a trustee emeritus of the Saint Luke’s Hospital Foundation, where he previously served as president. Other previous community engagement activities include board positions with Catholic Charities, Rockhurst High School, Friends of the Zoo, Missouri Rep Theatre and Seton Center. Ovel also served as chairman of the Kansas City Estate Planning Symposium, and was past president of the KC Estate Planning Society.