BofA appoints managing director in Americas Financial Institutions Investment Banking unit By Reuters


© Reuters. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S. January 30, 2019. REUTERS/Carlo Allegri

(Reuters) – Bank of America Corp (NYSE:) on Wednesday named Alice Wong as managing director of its Americas Financial Institutions Investment Banking unit, according to an internal memo seen by Reuters.

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

Bank of America promoted three women to senior management positions in September, while JPMorgan Chase & Co (NYSE:) named Marianne Lake and Jennifer Piepszak, widely seen as the top two contenders for the post of chief executive officer (CEO). ), as co-leads. of its consumer 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 lead 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 a stake in Aflac (NYSE:) Global Investments and also helped structure a joint venture. loan with Ares Capital. She has also worked with investment bank UBS and Swiss credit (SIX:).

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

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