Bank of America announced senior leadership appointments to further build and deliver its capabilities around the globe for clients, shareholders, and local communities. Chair and CEO Brian Moynihan has named Dean Athanasia and Jim DeMare to serve as Co-Presidents of Bank of America, and appointed Alastair Borthwick to serve as Executive Vice President and Chief Financial Officer (CFO) of the company. Athanasia and DeMare will drive company-wide initiatives focused on long-term growth and returns and oversee Bank of America’s eight lines of business and their leaders, who remain unchanged. Borthwick has served as the company’s CFO for the past four years, and assumed additional responsibilities over time, as a strategic advisor and the leader of the company’s positioning with its global investor base. The company’s Management Team, under Moynihan’s leadership and including Athanasia, DeMare, Borthwick, and their colleagues, remains otherwise unchanged. “Today, we are announcing key leadership appointments that will further drive our progress. I have asked Dean Athanasia and Jim DeMare to become Co-Presidents of Bank of America, and I have asked Alastair Borthwick to serve as our company’s Executive Vice President and Chief Financial Officer. In their new roles as Co-Presidents, Dean and Jim will work with me to drive broad-ranging, strategic efforts that are central to our long-term performance. These include enterprise-wide initiatives focused on increasing market share and returns, leveraging our scale, and managing cost and expense; the continued expansion of AI-based tools and innovation for our clients; growth plans for local and global markets; and ongoing Operational Excellence efforts that strengthen our organization for teammates and everyone we serve. In line with this focus, Dean and Jim will also join me in working directly with the presidents of the eight lines of business, including Holly O’Neill, Lindsay Hans and Eric Schimpf, Katy Knox, Raul Anaya and Sharon Miller, Wendy Stewart, and Matthew Koder. Dean and Jim will work to help accelerate growth plans, shape strategic investments for our clients, develop the talent needed in the years and generations to come, and position our company with all our stakeholder groups. They will assume overall responsibility for the company’s business lines, and the individual business heads will report to them. Other leaders who currently report to Dean or to Jim continue to do so. With this move, we will further build and deliver our capabilities across the globe. My focus as Chair and CEO of the company remains the same. Our Management Team remains the same, including the business heads who continue to lead and drive their individual areas. In their new appointments, Dean and Jim will significantly increase the capacity, intensity, and expertise dedicated to our highest priorities, benefiting all.