BofA appoints MD in Americas Financial Institutions Investment Banking unit
Reuters
Published Jan 06, 2022 07:31AM ET
(Reuters) - Bank of America Corp (NYSE:BAC) appointed Alice Wong as a managing director in its Americas Financial Institutions Investment Banking unit on Wednesday, according to an internal memo seen by Reuters.
Wong's appointment is the newest addition in recent months to women in key executive positions at major Wall Street banks.
Bank of America promoted three women to senior leadership roles in September, while JPMorgan Chase & Co (NYSE:JPM) named Marianne Lake and Jennifer Piepszak, widely seen as the two top contenders for the chief executive officer (CEO) role, as co-heads of its consumer and community bank early last year.
Jane Fraser also made headlines last year after she was appointed as CEO of Citibank, making her the first woman to lead a major Wall Street bank.
Before joining Bank of America, Wong worked at alternative asset manager Varagon Capital Partners for six years where she led the sale of an equity stake to Aflac (NYSE:AFL) Global Investments and also helped structure a lending joint venture with Ares Capital. She has also worked with UBS Investment bank and Credit Suisse (SIX:CSGN).
The Wharton graduate takes on the role after record global dealmaking in 2021, with volumes peaking to $5 trillion, comfortably eclipsing the previous record of $4.55 trillion in 2007, Dealogic data showed.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.