A friend of mine was an assistant vice president at a private wealth management arm of a major money center bank. She was essentially the office manager for a pool of six executive assistants to the bankers who did the work of drumming up client business and directing investments.
According to her the whole inflation of bank titles was intended so that a client would always be talking to someone with at least the title of AVP, which sounds kind of important, even though it isn't.
Mike