BofA names senior executives to drive AI adoption in global markets-memo

Bank of America is accelerating its artificial intelligence initiatives with key senior appointments within its global markets group. The bank aims to drive AI adoption and implementation across its operations, signaling a significant investment in future technologies.

Kevin Milsom has been appointed as the head of platforms AI transformation. In this role, he will likely oversee the integration of AI tools and strategies to modernize technology and enhance automation. Ashok Krishnan, head of platforms, is leading broader efforts in this modernization drive, which includes the rollout of generative AI and other cutting-edge technologies.

Amy Avery and her Analytics, Modelling & Insights (AMI) team will join the global platforms group. Their focus will be on delivering data-driven insights throughout the company, leveraging advanced analytics to inform business decisions. This move underscores the bank's commitment to a data-centric approach in its global markets operations.

Furthermore, Sonali Theisen has been named head of the global digital assets platform. She will manage this new role alongside her existing responsibilities as head of Global FICC E-trading and markets strategic investments. FICC refers to Fixed Income, Currencies, and Commodities, highlighting the breadth of her oversight.

These appointments follow Bank of America's previously stated plans to invest billions of dollars in technologies like AI. The bank aims to significantly boost banker productivity and increase revenue streams through these technological advancements.