Key facts
- Ed Liu, Bank of America's vice chairman of technology and global head of software, has resigned.
- Liu joined Bank of America in early 2024.
- He previously held a role at Morgan Stanley.
- Liu intends to join a competitor.
- His departure follows Rohan Sen's move from Bank of America to Citi.
Ed Liu, a senior technology executive at Bank of America, has resigned from his position as vice chairman of technology and global head of software. The bank confirmed his departure in an internal memo, stating that Liu plans to join a competitor. Liu joined Bank of America in early 2024, having previously served as co-head of Americas technology banking at Morgan Stanley.
Liu's departure comes shortly after Citi announced it had hired Rohan Sen from Bank of America to lead its technology services sector coverage. The specific competitor Liu will join has not yet been disclosed.
Separately, Ida Liu, the global head of Citi's private bank, is also exiting the company as part of a reorganization, with her role being eliminated. Four regional heads will now report directly to Andy Sieg, Citi's global head of wealth.