Story perspectives

Bank of America Names New Co-Presidents in Leadership Shift

9/13/2025

Summary

Story summary

Bank of America promoted Dean Athanasia and Jim DeMare to co-presidents, with Alastair Borthwick becoming executive vice president.
CEO Brian Moynihan will continue in his role until at least 2030.
These changes are the first significant leadership adjustments since 2021, aimed at streamlining operations and fostering growth.
Athanasia and DeMare will manage the bank's eight business lines.
Borthwick will focus on strategic oversight and investor relations.

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Story summary

Bank of America promoted Dean Athanasia and Jim DeMare to co-presidents, with Alastair Borthwick becoming executive vice president.
CEO Brian Moynihan will continue in his role until at least 2030.
These changes are the first significant leadership adjustments since 2021, aimed at streamlining operations and fostering growth.
Athanasia and DeMare will manage the bank's eight business lines.
Borthwick will focus on strategic oversight and investor relations.