(DumbMoney.)

Explore the latest updates and key analyses on companies, markets, and industry trends.


Bank of America Announces Senior Leadership Changes

Bank of America (BAC) | September 12, 2025

By Yara Phillips

image

Bank of America announced senior leadership appointments to further build and deliver capabilities worldwide.

Co-Presidents Dean Athanasia and Jim DeMare appointed, Alastair Borthwick named Executive VP and CFO.

Leadership changes aim to drive long-term growth and returns for clients, shareholders, and communities.

Strategic Appointments

Dean Athanasia and Jim DeMare appointed Co-Presidents, Alastair Borthwick as CFO.

Focused Initiatives

Leaders to oversee company-wide initiatives for growth and returns, maintaining eight lines of business.

Leadership Experience

Athanasia and DeMare bring 60 years of combined experience in financial services across various segments.

  • The appointments aim to accelerate growth plans, strategic investments, and talent development.
  • Leadership changes set to enhance Bank of America's position and drive Responsible Growth strategy forward.

Bank of America's new leadership appointments signal a strategic shift towards long-term growth and market effectiveness under Brian Moynihan's direction.