Paul Donofrio

Paul Donofrio
Vice Chairman

Paul M. Donofrio is vice chairman of Bank of America, and is a member of the company’s executive management team.

As vice chairman, Donofrio oversees the company’s sustainability activities and co-chairs our ESG Committee. He stewards the company’s efforts in support of our $1.5 trillion sustainable finance commitment, including oversight of our investments in Minority Depository Institutions and private equity funds through our $1.25 billion commitment to racial equality and economic opportunity, as well as investments made through our $1 trillion Environmental Business Initiative. He also has responsibility for the investment function of the company’s pension, which totals over $22 billion. In addition, the BofA Global Research department reports to him.

Donofrio joined the company in 1999. He most recently served as Bank of America’s chief financial officer for more than six years from 2015 to 2021. Before then, he held a number of key roles across the company, based in New York City and London. He served as co-head of Global Corporate and Investment Banking, head of Global Corporate Banking, head of Global Corporate Credit and Transaction Banking, co-head of Investment Banking, head of all Global Industry Groups and co-head of our Global Healthcare Group. His product experience includes M&A, global capital markets, including debt, equity, foreign exchange and derivative capital markets, as well as traditional banking products, such as loans, leases, global payments and deposits.

Prior to joining Bank of America, Donofrio worked at UBS, where he was a senior member of the healthcare group from 1994 to 1999, focusing on biotech, specialty pharmaceuticals, and large cap pharmaceutical companies. Previously, he worked at Kidder, Peabody & Co. in the health care, technology and debt restructuring groups.

A graduate of the United States Naval Academy, Donofrio served in the U.S. Navy from 1982 to 1988 as a naval flight officer.

 

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