BofA Overhauls Management Team, Names Alastair Borthwick CFO

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BofA Overhauls Management Team, Names Alastair Borthwick CFO

Oops!Something went wrong.Please try again later.Katherine DohertySeptember 10, 2021, 6:41 AM·4 min readBofA Overhauls Management Team, Names Alastair Borthwick CFOIn this article: Oops!Something went wrong.Please try again later.

(Bloomberg) — Bank of America Corp. announced its most significant leadership changes since the financial crisis, replacing the chief financial officer and elevating five new members to the senior management team, including three women.

Alastair Borthwick, president of global commercial banking, will replace CFO Paul Donofrio next quarter, the company said Friday in an internal memo. Dean Athanasia, head of the consumer and small-business unit, will take on a larger role at the firm by adding responsibility for the commercial bank.

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