BofA Appoints MD to Investment Banking Unit of Financial Institutions of the Americas

(Reuters) – Bank of America Corp on Wednesday appointed Alice Wong chief executive officer of its Americas Financial Institutions Investment Banking unit, according to an internal memo seen by Reuters.

Wong’s appointment is the latest addition in recent months to women in key leadership positions at major Wall Street banks.

Bank of America promoted three women to senior positions in September, while JPMorgan Chase & Co appointed Marianne Lake and Jennifer Piepszak, widely regarded as the top two contenders for CEO positions, as co-heads of its clients. and community bank early last year.

Jane Fraser also made headlines last year after being named CEO of Citibank, making her the first woman to head a major Wall Street bank.

Prior to joining Bank of America, Wong worked for six years at alternative asset manager Varagon Capital Partners, where she led the sale of an equity stake in Aflac Global Investments and also helped structure a joint venture. loan venture with Ares Capital. She has also worked with UBS Investment Bank and Credit Suisse.

The Wharton graduate takes on the role after a record global deal closes in 2021, with volumes peaking at $ 5,000 billion, comfortably eclipsing the previous record of $ 4.55 billion in 2007, according to Dealogic data .

(Reporting by Mehnaz Yasmin in Bangalore; Editing by Vinay Dwivedi)

Marianne R. Winn