Most Powerful Women in Banking Top Teams: Bank of America

By Mary Ellen Egan

October 5, 2022 8:24 AM

Enjoy complimentary access to top ideas and insights — selected by our editors.

Bank of America

Headquarters: Charlotte, North Carolina

Assets: $3.1 trillion

Female representation among senior employees: 37%

Female representation on operating/management committee: 54%

During the past year, Bank of America undertook the largest senior management change in the last 10 years. With the retirement and transitions of key leaders, BofA added five new management team members, including three women, strengthening diversity at the senior levels. Women now lead three out of eight lines of business. In May, Bank of America announced a partnership with the American Heart Association and other public health organizations to launch a $25 million, four-year initiative to advance health outcomes for communities of color. Christine Katziff, chief audit executive since 2010 and one of the honorees of this team, was the catalyst for that partnership.

Selected executive highlights:

Holly O'Neill

President, Retail Banking

Holly O'Neill runs one of the bank's eight lines of business, and is responsible for 33 million consumers and 2,500 employees. Under her direction, Bank of America's $15 billion community home ownership commitment has helped 34,000 low-to-middle income families buy homes through low down payment loans and down payment and closing grants. The program aims to help more than 60,000 homebuyers by 2025.

Lisa Clyde

Managing Director, Global Corporate Banking and Leasing

Lisa Clyde leads a team of more than 1,000 professionals across 32 countries. In addition to growing loan balances and expanding the bank's corporate client base, Clyde established a global corporate banking council for environmental, social and corporate governance issues this past year. She is a member of C200, an invitation-only, global senior women's business network representing 100 industries with a mission to inspire, educate and advance current and future women entrepreneurs and corporate leaders.

The Team

Laura Chepucavage, Nancy Fahmy, Candace Browning, Christine Katziff, Katy Knox, Cynthia Bowman, Holly O'Neill, Hong Ogle, Lauren Mogenson, Lindsay Hans, Kristin Hill, Lisa Clyde, Sheri Bronstein, Wendy Stewart, Lorna Sabbia, Rita Cook, Mary Hines Droesch, Rash Reid.

See the other 2022 Top Teams: