BofA Overhauls Management Team, Names Alastair Borthwick CFO
- Borthwick replaced at commercial bank by Dean Athanasia
- Fixed-income sales head Sanaz Zaimi plans to leave the company
Bank of America Corp. signage is displayed at a branch in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
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.