BofA appoints MD in Americas Financial Institutions Investment Banking unit

Bank of America Corp (BAC.N) appointed Alice Wong as a managing director in its Americas Financial Institutions Investment Banking unit on Wednesday.

Wong’s appointment is the newest addition in recent months to women in key executive positions at major Wall Street banks.

Bank of America promoted three women to senior leadership roles in September, while JPMorgan Chase & Co (JPM.N) named Marianne Lake and Jennifer Piepszak, widely seen as the two top contenders for the chief executive officer (CEO) role, as co-heads of its consumer and community bank early last year.

Citibank (C.N), making her the first woman to lead a major Wall Street bank.

Before joining Bank of America, Wong worked at alternative asset manager Varagon Capital Partners for six years where she led the sale of an equity stake to Aflac Global Investments and also helped structure a lending joint venture with Ares Capital. She has also worked with UBS Investment bank and Credit Suisse.

The Wharton graduate takes on the role after record global dealmaking in 2021, with volumes peaking to $5 trillion, comfortably eclipsing the previous record of $4.55 trillion in 2007, Dealogic data showed.