In addition, he has many years of international and domestic financial services experience, including wholesale and retail businesses. View Tyler Boehling's email address (t*****@bankof***.com) and phone number. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Strong experience in project management and budgeting. Is SVP higher than VP? How long does it take to become a senior vice president? Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. You work in a bank or other financial institution and focus on both customer service and financial tasks. Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. These materials are for informational purposes only. Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Today, we are announcing important steps forward in our management team for the company. Bank of America CEO Brian Moynihan plans to stay through. He and his team will execute this work in partnership with all of our lines of business. Head of Global Research Candace Browning and the research organization will report to Paul. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. Are Not Insured by Any Governmental Agency. Comerica Incorporated and Comerica Bank. Bank of America. As we focus on the path ahead and what it requires, and individuals decide they are ready to transition and/or retire, we are able to promote and expand colleagues from inside the company resulting in new opportunities, smooth transitions, and continued momentum. Further, with her service as an executive director of BAE Systems plc (BAE Systems), Ms. Hudsons background provides her with international perspective, geopolitical insights, and experience as a leader of a large, international, highly regulated, complex business. Dean joined our company in 1996, and since that time has held senior, increasing leadership roles across consumer, preferred, small business, corporate lending, corporate strategy, and technology. Douglas B. Petno, Chief Executive Officer of Commercial Banking. Leaders who are assuming new and expanded roles on the team have deep and broad experience in different areas, while firmly sharing a commitment to drive our company and Responsible Growth through its second decade, with me and with all of you. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Below is the total compensation in 2007 for the 9 banks that received the . Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. Began his career as an audit clerk at the First National Bank of Maryland, Emeritus member of the Board of Visitors of Towson University and guest lecturer in business strategy and accounting from 2006 to 2008, Served as the Chairman and Global Head of Private Wealth Management and as a member of the Group Executive Committee of Deutsche Bank from 2002 to May 2012, Served on the Management Board of UBS from 1994 to 2001; as Head of Institutional Banking from 1994 to 1997; as Chief Credit Officer and Head of Private Equity from 1998 to 1999; and as Head of Private Equity from 2000 to 2001, Held various senior management positions at Union Bank of Switzerland, a predecessor firm of UBS, from 1985 to 1994, Currently serves as Chair of the Board of Directors of MLI (and previously chair of the MLI Boards Risk Committee), and as Chair of the Board of Directors of BofASE, Former President and Chief Executive Officer of Carnival, a cruise and vacation company, Served as President and Chief Executive Officer from November 2010 to June 2012 of The Executive Leadership Council, a nonprofit organization providing a professional network and business forum to African-American executives at major U.S. companies, President and Chief Executive Officer of the Juvenile Diabetes Research Foundation International from January 2006 to February 2008, Served as Chairman and Chief Executive Officer of Merisant from 2000 to 2003, a privately held global manufacturer of tabletop sweeteners, and remained as Chairman until 2005, Joined Monsanto in 1977 and held several senior leadership positions with global responsibilities, including President of its Agricultural Group and President of its Nutrition and Consumer Sector, over a more than 20-year tenure, Served as a member of the Board of Directors of Crown Holdings, Inc. from 1999 to 2019 and member of its Compensation Committee, Appointed by President Clinton and re-appointed by President George W. Bush to the Presidents Export Council, Chairman and Chief Executive Officer of The Cardea Group, LLC, a management consulting business, May 2014 to January 2020, Served as CEO Emeritus of BAE, a U.S.-based subsidiary of BAE Systems, a global defense, aerospace, and security company headquartered in London, from February 2014 to May 2014, and as President and Chief Executive Officer of BAE from October 2009 until January 2014, Served as President of BAE Systems Land and Armaments operating group, the worlds largest military vehicle and equipment business, from October 2006 to October 2009, Prior to joining BAE, served as Vice President of General Dynamics Corporation and President of its Armament and Technical Products business; held various positions in engineering, production operations, program management, and business development for defense and aerospace companies, Served as a member of the Executive Committee and as an executive director of BAE Systems from 2009 until January 2014 and as a member of the Board of Directors of BAE from 2009 to April 2015, Served as a member of the Board of Directors of The Southern Company and its Nominating, Governance and Corporate Responsibility Committee and Operations, Environmental and Safety Committee from 2014 to July 2018, Member of the Board of Directors of Trane Technologies plc (formerly Ingersoll-Rand plc) and its Human Resources and Compensation Committee, Sustainability, Corporate Governance and Nominating Committee, and Technology and Innovation Committee, Member of the Board of Directors of TPI Composites, Inc. and Chair of its Nominating and Corporate Governance Committee, Elected member to the National Academy of Engineering, one of the highest professional honors accorded an engineer, Member of the Board of Directors of the University of Florida Foundation, Inc. and the Advisory Board of the University of Florida Engineering Leadership Institute, Former member of the Charlotte Center Executive Board for the Wake Forest University School of Business, Former member of the Board of Trustees of Discovery Place, a nonprofit education organization dedicated to inspiring exploration of the natural and social world, Former Chief Executive Officer of College Futures Foundations from December 2017 to July 2022 and member of the Board of Directors from December 2019 to July 2022. Is SVP higher than VP? The typical Bank of America Vice President salary is 47,77,088 per year. Vice President, Development Finance. Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% above the national average. Great company to advance and grow. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. Aditya Bhasin has been named chief technology and information officer. How much do senior vice presidents of banks make? She joined the bank in 2001, having previously been a partner and member of the executive committee of a major law firm. Personal email. Senior Vice President, Centralized and On Line Sales Executive. Until that time, I have asked him to become vice chair, providing his expert stewardship on key issues and priorities on our management team. Prior to his current role, Aditya led Marketing, Analytics, and Digital Banking and joined the company in 2004. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. A vice-president is basically someone that runs a branch office of a bank. Valid. Vice Chair, Head of Enterprise Credit. Ann Shaler Senior Vice President. A vice president is the most junior of the senior bankers and, as far as clients and higher-ups are concerned, carries the first legitimate title. Vice President, Operations Policy and Country Services. Our Management Team will also include the following leaders in corporate-wide roles. Senior Vice President at Bank Of America. Paul Newman Senior Vice President Bank of America | LinkedIn. How much does a vice president of commercial banking make? A large corporation typically has one or a few executives and can have several senior vice presidents. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. How long does it take to be a VP at a bank? John Sletten is based out of Denver, Colorado, United States and works at Bank Of America as Senior Vice President. Ramesh Kaza Bank of America Senior Vice President Watch on We will recognize Davids many contributions to our company and beyond as his transition nears and have shared a special update on Flagscape today. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Merrill Lynch Salary FAQs The average salary for a Vice President is $166,656 per year in United States, which is 37% higher than the average Merrill Lynch salary of $120,877 per year for this job. After decades of service in the private and public sectors, David is planning to retire in 2022. This builds on the tremendous impact Cathy has had in the company including through her efforts to develop talented, highly capable leaders for the future. Contact details. Steve has most recently been president of Retail Banking and head of the Community Bank and Consumer Lending, and earlier was head of Consumer Lending and Home Loans. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Morgan Stanley progression is: Associate -> VP -> ED -> MD. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). 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