Euromoney magazine has named Bank of America CEO Brian Moynihan Banker of the Year as part of its annual Awards for Excellence.
“Brian Moynihan’s leadership and quick action in response to the pandemic, coupled with the company’s focus on responsible growth, are being recognized amid a year filled with unprecedented challenges,” said Louise Bowman, editor of Euromoney.
Euromoney has also recognized Bank of America as the World’s Best Bank for Corporate Responsibility. This is the third time the company has been honored in this category, having previously received the accolade in 2015 and 2017. The global corporate responsibility award is presented to the firm that demonstrates a strong commitment to fostering diversity and inclusion; reducing environmental impact; promoting workforce development and social mobility; strengthening local communities; and promoting ethical business practices.
“Corporate responsibility is embedded in Bank of America’s culture,” said Bowman. “While its philanthropic efforts are award-winning in their own right, it is through existing business lines that the bank is ensuring economic mobility at scale. Its $1 billion corporate social bond in May was the first such offering by a U.S. commercial bank.”
“As one of the world’s largest financial institutions, we recognize our unique ability to address some of society’s most critical global challenges. Through our environmental, social and governance (ESG) efforts, we are addressing these through innovative financial solutions coupled with the expertise of our teams around the world,” said Bank of America Vice Chairman Anne Finucane, who leads the company’s environmental, social and governance, sustainable finance, capital deployment, and public policy efforts. “This global recognition underscores Brian’s commitment to responsible growth. It is thanks to his leadership that we continue to deliver for our employees, shareholders, clients and communities through this year’s crises and beyond.”
“Technology is changing our clients’ financial lives, from everyday banking to the most sophisticated global cash management,” said Cathy Bessant, chief operations and technology officer at Bank of America. “Through relentless focus on our clients’ needs and consistent, sustained investment, we are delivering responsible innovation, expertise and scale to serve our clients across the globe.”
“We are delighted to receive Euromoney’s recognition of our country-leading performance in many important international markets,” said Bernard Mensah, president of International for Bank of America. “Ultimately, our success depends upon the trust our clients invest in us. We thank them for their invaluable partnerships around the world as we continue to execute our strategy to deliver responsible growth globally.”
The Euromoney Awards for Excellence were established in 1992 and are the global benchmark for the banking industry.
At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a strong focus on environmental, social and governance (ESG) leadership. This enables us to serve clients, deliver long-term value through sustainable results to our shareholders, and address some of society’s greatest challenges. Our focus on ESG enables us to drive opportunities and manage risks across our company, helps us define how we mobilize our capital and resources, and informs our business practices and how and when we use our voice in support of our values. Through our commitment to ESG principles, we build trust and credibility as a company people want to work for, invest in, and do business with. Connect with us on Twitter (@BofA_News).
Liz Wright, Bank of America