BofA appoints MD in Americas Financial Institutions Investment Banking unit -Breaking
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© Reuters. FILEPHOTO: The Bank of America logo in Manhattan, New York City is shown on January 30, 2019, U.S.A. REUTERS/Carlo Allegri(Reuters) – Bank of America Corp (NYSE) named Alice Wong managing director of its Americas Financial Institutions Investment Banking Unit on Wednesday according to an internal memo.
Wong is the latest addition to the ranks of women holding key positions in executive leadership at Wall Street banks.
Bank of America promoted three women to senior leadership roles in September, while JPMorgan Chase & Co (NYSE:) 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 made news last year when she became Citibank’s CEO, the first woman to do so at a Wall Street-based bank.
Wong spent six years at Varagon Capital partners, an alternative asset management firm. Wong managed the sale of a equity stake to Aflac Global Investments. Also she helped set up a joint venture for lending with Ares Capital. Wong has also been a UBS Investment bank employee. Credit Suisse (SIX:).
Wharton graduate is now in the lead after record global deals in 2021. The volumes reached $5 trillion. This comfortably surpasses 2007’s record of $4.55 billion, Dealogic data shows.
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