
Dean Athanasia & Jim DeMare Appointed BofA Co-Presidents
Bank of America has appointed Dean Athanasia and Jim DeMare as Co-Presidents, positioning them as potential successors to Chief Executive Officer (CEO) Brian Moynihan.
Chief Financial Officer (CFO) Alastair Borthwick was promoted to Executive Vice President, adding to the list of possible candidates for the top job.
Brian Moynihan, who has led the bank since 2010, reiterated his plan to continue as CEO through the decade.
Athanasia is President of Regional Banking at Bank of America and a member of the executive management team. He oversees retail, preferred, business, and global commercial banking, serving over 69 million clients across more than 200 U.S. and 15 international markets. He also manages Global Payments Solutions, Workplace Benefits, Marketing, Digital, and consumer banking products, while leading nearly 100 market presidents nationwide. Under his leadership, BofA has grown its top U.S. deposit market share and earned 890 awards in 2024. Athanasia actively supports diversity, serving as executive sponsor of the LGBTQ+ Executive Leadership Council. He chairs Cradles to Crayons and serves on Colby College’s Board of Trustees. He holds degrees from Yale and the Wharton School.
DeMare is President of Global Markets at Bank of America and a member of the Executive Management Team, Management Risk Committee, and Operating Committee. With over 25 years of experience in financial services, he joined the bank in 2008 after holding senior roles in fixed income at Citigroup, Salomon Brothers, and Bear Stearns. At Bank of America, he leads Global Markets, which provides market-making, financing, clearing, and settlement services across debt, equity, commodity, and foreign exchange markets worldwide, along with Global Commercial Real Estate Lending. He also oversees BofA Global Research and the Bank of America Institute. DeMare sponsors cultural and diversity initiatives and serves on Boards including Prep for Prep and the Dean’s Council at Weill Cornell Medicine.