BofA names senior executives to drive AI adoption in global markets-memo | Reuters
Top line
Bank of America has appointed senior executives to lead its AI transformation and digital asset strategies within its global markets division.
Summary
Bank of America is aggressively scaling its artificial intelligence capabilities within its global markets division through a series of key leadership appointments. Kevin Milsom has been named head of platforms AI transformation, while Amy Avery’s Analytics, Modelling & Insights team joins the global platforms group to centralize data-driven decision-making. Additionally, Sonali Theisen will lead the bank's digital assets platform. These strategic moves, directed by Ashok Krishnan, are part of the bank's multi-billion dollar investment strategy intended to modernize operations, increase automation through generative AI, and bolster revenue growth.
Highlights
- Bank of America has initiated a structural shift within its global markets group to accelerate the adoption and implementation of artificial intelligence.
- Kevin Milsom has been appointed as the new head of platforms AI transformation, reporting to Ashok Krishnan, who leads technology modernization for the global markets division.
- Ashok Krishnan’s mandate includes driving automation and the integration of generative AI tools across the organization.
- Amy Avery and her Analytics, Modelling & Insights (AMI) team are being integrated into the global platforms group to enhance company-wide data-driven insights.
- Sonali Theisen has been appointed head of global digital assets platform while retaining her existing leadership roles for global Fixed Income, Currencies, and Commodities (FICC) E-trading and strategic investments.
- These appointments reflect the bank’s broader commitment to investing billions in emerging technologies to improve banker productivity and overall revenue generation.
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