Key facts
- Bank of America appointed Kevin Milsom as head of platforms AI transformation.
- Amy Avery's Analytics, Modelling & Insights team will oversee data-driven insights.
- Sonali Theisen will also lead the global digital assets platform.
- The bank plans to invest billions in AI technologies.
Bank of America has appointed senior executives to drive the adoption and implementation of artificial intelligence within its global markets group, according to an internal memo. Kevin Milsom has been named head of platforms AI transformation. Ashok Krishnan, head of platforms in the global markets group, is leading efforts to modernize technology and increase automation, including the rollout of generative AI tools.
Amy Avery and her Analytics, Modelling & Insights (AMI) team will join the global platforms group to oversee data-driven insights across the company. Additionally, Sonali Theisen has been appointed as head of the global digital assets platform, in addition to her existing responsibilities as head of Global FICC E-trading and markets strategic investments. FICC refers to Fixed Income, Currencies, and Commodities.
Late last year, Bank of America's chief technology officer indicated the bank's intention to invest billions of dollars in technologies like artificial intelligence to enhance banker productivity and generate more revenue.