Bank of America CEO Brian Moynihan was selected by Brown University to becomeits next chancellor, which is a volunteer role, the Ivy League institution announced Thursday. The Corporation of Brown University elected Moynihan to the post. Moynihan is a 1981 graduate of Brown University, where he has been a member of the corporation since 2010, serving for six years as a trustee and now in his eighth year on the board of fellows. The 54-member corporation is responsible for policy and long-term planning at Brown, and serve as fiduciaries of the university. The board is not involved in day-to-day…