Key facts
- Bank of America is appointing new leadership for its corporate and investment banking division in EMEA.
- Jeff Tannenbaum has been named to lead the division.
- The appointment signifies a new strategic direction for the bank in the region.
Bank of America is set to embark on a new phase for its corporate and investment banking operations across Europe, the Middle East, and Africa (EMEA). The financial institution has appointed Jeff Tannenbaum to lead this significant division, signaling a strategic shift and a new era for its presence in the region.
Bank of America Corporation, a major American multinational financial services holding company, has a global reach. Headquartered in Charlotte, North Carolina, with executive offices in Manhattan, the bank was formed through the merger of NationsBank and Bank of America in 1998. It is recognized as one of the largest banking institutions in the United States and globally by market capitalization, competing with other major financial players.
The bank's history traces back to 1784, with significant growth facilitated by landmark federal banking legislation. Following its acquisition by NationsBank in 1998, it expanded its services through mergers, notably establishing Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking. As of 2018, its investment banking arm was considered part of the "bulge bracket," and its wealth management unit manages over $1 trillion in assets under management.