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Brian T. Moynihan

Chairman of the Board and Chief Executive Officer at BANK OF AMERICA CORP /DE/
Board
Since January 2010
Age
65 years
Education
Graduated from Brown University.
Tenure
Joined BAC in January 2010 as President and Chief Executive Officer and was promoted to Chairman of the Board in October 2014.

Also at BANK OF AMERICA CORP /DE/

AMB
Alastair M. Borthwick
Chief Financial Officer
DCA
Dean C. Athanasia
President of Regional Banking
JPD
James P. DeMare
President, Global Markets

About

Brian T. Moynihan has built an impressive career marked by both strong leadership and deep industry experience. Born with a passion for finance, he developed a robust academic foundation which led him to Brown University, an institution that shaped his early professional journey.

He began his notable career at BAC in January 2010 by stepping into the role of President and Chief Executive Officer. His visionary approach and commitment to responsible growth quickly led him to assume even greater responsibilities, culminating in his promotion to Chairman of the Board in October 2014.

Over the years, his strategic initiatives and operational expertise have driven record earnings and significant capital returns for shareholders. His leadership is further highlighted by active participation in various industry organizations, where he has consistently contributed to shaping financial policies and practices.

$BAC Performance Under Brian T. Moynihan

Past Roles

OrganizationRoleDate RangeDetails
Bank of America Corporation Head of Enterprise Capital Management April 2011 - April 2014 N/A
Bank of America Corporation Leader of Operating Units Before January 2010 Held leadership roles across various business segments in wholesale and retail financial services

External Roles

OrganizationRoleDate RangeDetails
Brown University Member of the Board of Fellows N/A Chair of the Watson Institute Board of Governors
Smithsonian's National Museum of African American History and Culture Advisory Council Member N/A N/A
Charlotte Executive Leadership Council Member N/A N/A
Massachusetts Competitive Partnership Chairman N/A N/A
World Economic Forum’s International Business Council Chairman N/A N/A
The U.S. Council on Competitiveness Chairman of the Board N/A N/A
Sustainable Markets Initiative Co-Chair N/A N/A

Fixed Compensation

Data from  FY 2024
Component Name Amount Payment Schedule Additional Details
Base Salary$1.5 millionFixed annual cash salaryNo cash bonus or additional fixed components

Performance Compensation

Data from  FY 2024

Cash-Settled Restricted Stock Units (CRSUs)

Metric Detail
Grant DateFebruary 2024
Vesting Schedule12 equal installments from March 2024 to February 2025
Performance MetricTime-based vesting (no performance metric applied)
Payment SettlementCash-settled upon vesting
Additional ConditionsCompliance with non-solicitation, detrimental conduct, and anti-hedging/derivative transaction policies

Stock-Settled Restricted Stock Units (PRSUs)

Metric Detail
Grant DateFebruary 2024
Performance MetricsTax-normalized ROA and growth in adjusted tangible book value (TBV)
Evaluation PeriodThree-year period ending in 2026
Vesting ScheduleAward re-earned at the end of the performance period pending achievement of performance standards
Threshold/ForfeitureIf both ROA and TBV thresholds are not achieved, the entire award is forfeited
Maximum Payout (Cap)100% of the award (no upside beyond target)
Additional ConditionsSubject to compliance with covenants (non-solicitation, detrimental conduct, and anti-hedging policies)
Dividend RightsIncludes right to receive dividend equivalents to the extent the award is earned

Interviews

Bank of America CEO Brian Moynihan: Tariffs, trade haven't impacted our results in the near-term thumbnail

Bank of America CEO Brian Moynihan: Tariffs, trade haven't impacted our results in the near-term

CNBC Television
5:37 min
Apr 15, 2025
Bank of America CEO Brian Moynihan: The economy ought to be holding up better than people think thumbnail

Bank of America CEO Brian Moynihan: The economy ought to be holding up better than people think

CNBC Television
5:58 min
Mar 19, 2025
Bank of America CEO Brian Moynihan on Q2 earnings beat thumbnail

Bank of America CEO Brian Moynihan on Q2 earnings beat

CNBC Television
5:07 min
Jul 16, 2024
Bank of America CEO Brian Moynihan on the economy, President-elect Trump and regulatory outlook thumbnail

Bank of America CEO Brian Moynihan on the economy, President-elect Trump and regulatory outlook

CNBC Television
6:13 min
Dec 17, 2024
Bank of America CEO Brian Moynihan on Trump, the Fed, & regulation thumbnail

Bank of America CEO Brian Moynihan on Trump, the Fed, & regulation

Yahoo Finance
21:26 min
Nov 12, 2024