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BofA names new company, funding banking head for North America

ByEditorialTeam

Oct 8, 2022

(Reuters) -Financial institution of America Corp on Monday named firm veteran Mike Joo as its new head of worldwide company and funding banking (GCIB) for North America, in line with a memo seen by Reuters.

The newly created function will add to Joo’s current obligations as GCIB’s chief working officer (COO). Joo will report back to GCIB president Matthew Koder.

“Mike’s intensive expertise throughout the agency will allow him to completely make the most of all the Financial institution of America platform, together with the Market Presidents, to leverage our expansive community and capabilities to deepen and broaden consumer relationships,” Koder stated within the memo.

The contents of the memo had been confirmed by a Financial institution of America spokesperson.

Within the new function, Joo will work intently with enterprise leaders throughout capital markets, company banking, funding banking, and international transaction providers, Koder added.

Joo has beforehand served because the COO for international markets, head of worldwide charges and currencies options, and head of Asia debt capital markets in his over 15-year stint at Financial institution of America.

The North Carolina-based financial institution will announce a brand new chief of employees for GCIB within the coming weeks, in line with the memo. Bloomberg reported on Joo’s new function earlier on Monday.

(Reporting by Mehnaz Yasmin in Bengaluru; Enhancing by Maju Samuel and Nick Zieminski)

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