Paul M. Donofrio is chief financial officer at Bank of America, with responsibility for the overall financial management of the company, including accounting, balance sheet management, financial planning and analysis, corporate treasury, investor relations, corporate investments and tax. He is also a member of the company’s executive management team.
Prior to his current role, Donofrio was Strategic Finance executive with responsibility for overseeing the Consumer Banking and Global Wealth and Investment Management CFO teams, as well as corporate planning, forecasting and board reporting, and the company’s Simplify and Improve (SIM) initiative.
Donofrio joined Bank of America in 1999 and has served in many key roles in the company’s corporate and investment bank, including co-head of Global Corporate and Investment Banking and co-head of Global Investment Banking. During his career, he also led Global Corporate Banking, Global Industry Groups, Global Health Care, Consumer and Retail, and the Technology, Media and Telecom Group. In addition, as head of Global Corporate Credit and Transaction Banking, he gained experience in managing the assets and liabilities of banks, including loans, leases and other assets, and bank deposits.
Prior to joining Bank of America, Donofrio worked at UBS, where he was a senior member of the health care group from 1994 through 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.
Donofrio served in the U.S. Navy from 1982 to 1988 as a naval flight officer.