Chair of Dublin-based Bank of America Europe steps down via IrishTimesBiz
Amme Finucane became the firm’s first chair of Bank of America Europe in 2018, Photograph: Mike Blake/ReutersUS banker Anne Finucane is stepping down as chair of Dublin-based Bank of America Europe and passing the torch to vice chairman Paul Donofrio.
Ms Finucane will leave her post at the end of the month at the company’s European banking subsidiary, sources said. She will also exit her position as board member at Bank of America Securities Europe, but continue on the company’s global advisory council, the sources said.Ms Finucane became the firm’s first chair of Bank of America Europe in 2018, and was the first female vice chairman at the parent company.
Last month, she announced a carbon climate venture with Bank of America alum Tom Montag. Their new firm, Rubicon Carbon, is looking to raise $1 billion or a business aimed at the market for emissions offsets, and is backed by TPG. Ms Finucane, 70, has worked her way up in the banking industry since 1995, when she was at Bank of America predecessor Fleet Bank. As one of the most senior women at the company, she’s been responsible for environmental, social and governance goals, as well as capital deployment and public policy efforts.
Mr Donofrio, 62, is vice chairman of Bank of America and was chief financial officer from 2015 until last year, when the bank announced its most significant leadership changes since the financial crisis. He was named vice chairman of Bank of America, overseeing sustainable finance, which he will continue to do. He has also held investment-banking roles in Europe.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dublin retiree honoured to volunteer with eating disorder charity over ChristmasThe cause is an important one for Sean as people in his life have struggled with eating disorders. He encourages other retirees - and people in general - to think about volunteering
Read more »