As Bank of America Corp. (NYSE:BAC) outsources more work to CBRE and JLL, the world's two biggest land administrations firms, many representatives inside the bank's corporate land gathering will likewise be moving over to those organizations.

The move will influence a couple of hundred representatives inside the bank's corporate working environment gathering, representative Jennifer Darwin says. The dominant part of those representatives will be offered positions at CBRE (NYSE:CBG) or JLL Inc. (NYSE:JLL), contingent on their area. The bank as of late tapped JLL to deal with its business land portfolio in the Southeast, and JLL additionally handles the bank's portfolio in the Western U.S., Canada and India.

CBRE handles BofA’s Northeastern portfolio, its international real estate as well as its critical facilities (data centers) around the world.

Those bank workers will change to the land organizations by Sept. 1, however the positions they're offered at CBRE and JLL may differ from their present parts at the bank, Darwin says. BofA will work to help any representatives who are not offered positions in finding new open doors inside the bank, CBRE or JLL, she said.

The corporate work environment bunch is regulated by Patty Clement, global corporate services executive. Other top executivesinside the gathering incorporate Rob Vail as well as Lynne Rieger.

Lincoln Harris already dealt with the bank's Southeastern portfolio, however the bank reported for the current week that it is diminishing the quantity of outside firms it works with to CBRE and JLL keeping in mind the end goal to streamline and improve its land business.