Brian Moynihan
| Brian Moynihan | |
|---|---|
Moynihan at the annual World Economic Forum in Davos, January 2010
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| Born |
Brian Thomas Moynihan October 9, 1959 Marietta, Ohio, United States |
| Residence | Charlotte, North Carolina |
| Alma mater |
Brown University University of Notre Dame |
| Occupation | Chairman/CEO, Bank of America |
| Salary | $13,139,400 (FY2010 total compensation) |
| Spouse(s) | Susan E. Berry |
| Children | 3 |
Brian Thomas Moynihan (born October 9, 1959) is an American lawyer, businessman and the chairman and CEO of Bank of America. He joined the board of directors, following his promotion to president and CEO.
Moynihan was born in Marietta, Ohio in 1959, the sixth of eight children in a Roman Catholic family of Irish descent. Moynihan graduated from Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry. He earned a Juris Doctor from the University of Notre Dame Law School, before returning to Providence, Rhode Island to join Edwards & Angell LLP, the city’s largest corporate law firm.
Moynihan held numerous banking positions before becoming president of consumer and small business banking at Bank of America in January 2009.
He joined Fleet Boston in April 1993 as a deputy general counsel. From 1999 to April 2004, he served as executive vice president, managing Fleet's brokerage and wealth management division. After Bank of America (BoA) merged with FleetBoston Financial in 2004, he joined BoA as president of global wealth and investment management. He was named CEO of Merrill Lynch after its sale to BoA in September 2008, and became the CEO of Bank of America after Ken Lewis stepped down in 2010.
On August 25, 2011, CNBC's Drew Sandholm noted that "[d]espite having recently told investors Bank of America ... doesn't need to raise capital, CEO Brian Moynihan will accept $5 billion in capital from famed investor Warren Buffett. The deal not only surprised the Fast Money traders on Thursday, it also caused them to question Moynihan's credibility."
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