BofA appoints MD in Americas Financial Institutions Investment Banking unit

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FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, U.S.

– Bank of America Corp 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 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 Global Investments and also helped structure a lending joint venture with Ares Capital. She has also worked with UBS Investment bank and Credit Suisse.

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