Bank of America Names New Leaders to Drive AI and Crypto Strategy

Bank of America has appointed Kevin Milsom to lead artificial intelligence transformation efforts within its global markets platforms division, according to an internal memo reviewed by Reuters. The appointment falls under Ashok Krishnan, who oversees technology modernization efforts across the platforms group, including the rollout of generative AI tools and broader automation initiatives.

Bank Continues Heavy Investment in AI Technology

The move follows earlier comments from the bank’s chief technology officer, who said late last year that Bank of America plans to spend billions of dollars on AI and related technologies to boost banker productivity and generate additional revenue. As part of the broader restructuring, Amy Avery and her Analytics, Modelling and Insights team will also join the global platforms group, taking on responsibility for data-driven insights across the organization.

Sonali Theisen to Lead Digital Assets Platform

In a separate appointment, Sonali Theisen was named head of the bank’s global digital assets platform. She will maintain her existing role overseeing Global Fixed Income, Currencies and Commodities electronic trading, along with markets strategic investments, expanding her responsibilities to include the bank’s growing focus on digital assets.