Changes of Bank of America Corp
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Bank of America CEO Brian Moynihan has also said he wants to continue to lead the lender until the end of the decade, as he has become the latest Wall Street boss to apply for retirement.
In memory of the employees, Moynihan, 61, announced the bankruptcy and said he had told the lender authorities that it was their privilege to work with him. [the new team] as an adult as we promote system growth in the last decade ”.
The spokesman confirmed that Moynihan, who was promoted to a senior position in 2010, was “preparing to take office with a senior in this decade”.
He is the head of the bank recently to show that he wants to continue to lead his organization instead of giving responsibilities to the young successor.
Jamie Dimon, 65, of JPMorgan Chase, has recently confirmed his desire to further his ten-year career.
Banking in July gave Dimon, who has been JPMorgan’s leader since 2005, is the “special award” of the nominees, which regulators have said they show their willingness to continue leading the bank for “several years”.
These options are applicable from July 2026 and Dimon will be required to hold any shares until July 2031 to earn a profit of approximately $ 49m, depending on the type of banking.
James Gorman, 62, told Morgan Stanley’s party he was committed to a three-year term. However, he does not expect his work to continue for the next five years, according to the person who has been told what he wants to do, during which he has been in the job for almost 16 years.
Additional dates for senior managers are included attracted criticism from corporate management experts who say long-serving executives may struggle to create new challenges.
And potential replacements may be patient and leave the bank, as has been the case in JPMorgan, where a number of senior executives have been relieved of their responsibilities in recent years.
The BofA reshuffle comes just weeks after the second largest bank in the US announced two senior executives, chief executive Tom Montag and deputy chairman Anne Finucane.
Montag and Finucane held various positions during their tenure at the bank, which is now shared among other executives promoted at the event.