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Karim Assef

Karim Assef

Research Analyst at Bank of America

Wilton, CT, US

Karim Assef is the Chairman of Global Investment Banking and Managing Director at Bank of America, overseeing strategic advisory and capital-raising activities for a range of leading corporate clients across multiple sectors. With over eight years in this leadership role, he has been instrumental in advising on high-profile transactions for multinational companies, consistently delivering industry-leading performance and maintaining strong client relationships. Assef began his career in investment banking and rose through various senior positions before joining Bank of America Merrill Lynch in the mid-2010s. He holds advanced professional credentials and is recognized for his expertise in global investment banking, though detailed FINRA or securities licensing data is not publicly disclosed.

Karim Assef's questions to AMERIPRISE FINANCIAL (AMP) leadership

Question · Q3 2025

Karim Assef asked about the deceleration in institutional outflows within the asset management business, specifically inquiring about the remaining Limestone assets. He also questioned whether the level of 'irrational bids' for advisors, mentioned last quarter, is expected to persist over the next six to twelve months given market disruption.

Answer

EVP and CFO Walter Berman confirmed that Limestone is still in progress but the majority of assets have been outflowed, with approximately $500 million remaining. Chairman and CEO Jim Cracchiolo suggested that the current 'irrational bids' might be tied to favorable markets and spread revenue, implying that if market conditions change, the environment for such arrangements could shift.

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