Bank of America has reportedly hired former Aviva CFO Tom Stoddard as the vice chairman of investment banking.
Stoddard will be based in New York and will oversee the bank’s financial institutions globally, according to an internal memo seen by Reuters.
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A Bank of America spokesman confirmed the appointment.
Previously an adviser, Stoddard advised American International Group on its $182bn bailout and restructuring during the financial crisis of 2008.
He was group CFO at Aviva between 2014 and 2019. He is said to be instrumental in helping the British insurer turnaround its ratings and restructure businesses.
Stoddard worked at Athora as interim group CFO before joining Aviva.
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By GlobalDataHe joins Bank of America from McKinsey & Co, where he served as a senior adviser.
Prior to Aviva, he worked on deals and financing transactions at companies such as Blackstone Group and Credit Suisse Group.
During his time at Blackstone, Stoddard worked on several deal in connection with AIG’s massive restructuring.
Recent appointments in wealth & investment space
This week, HSBC appointed Laura Geiger-Pancera as ultra high net worth (UHNW) family office director.
Last week, Credit Suisse appointed Gabriele D’Agosta as head of private banking Italy as well as head of Italian operations.
The same week, Northern Trust appointed Arthur Hill as senior vice president and head of product management for asset servicing and JP Morgan Private Bank named Elaine Zhang as its new China market leader for Singapore.
