Private Bank market executive for Michigan and Minnesota, will also oversee the bank's
efforts to grow market share
DETROIT, Nov. 20,
2024 /PRNewswire/ -- Bank of America has named
Ed Siaje president of Bank of
America Detroit. As president and head of the market, he will
connect clients, teammates and communities to the full power of the
franchise and drive integration across the bank's eight lines of
business. He succeeds Matt Elliott,
who recently retired from the company.
Siaje will also oversee the bank's efforts to grow market share
and lead the effort to deploy the bank's resources to help advance
economic mobility and build strong communities. Siaje will continue
to serve as Private Bank market executive for Michigan and Minnesota.
"Throughout his career with Bank of America, Ed has
established deep relationships with teammates, clients and the
community to deliver responsible
growth," said Brian
Moynihan, Bank of America chairman and chief
executive officer. "Ed is well positioned to build on
Matt's legacy and continue to grow our presence, particularly in
Michigan, as we deliver the full
breadth of Bank of America's capabilities to help our local clients
improve their financial lives."
Siaje has 26 years of experience in financial services, and
currently leads a team of dedicated specialists who provide
integrated advice and guidance to high-net-worth clients and
institutional nonprofits. Prior to this role, he served as a
Consumer area executive where he was responsible for strategy,
service and operations across more than 280 financial centers. He's
held numerous positions within financial center leadership with
regional and national banks throughout the Midwest.
A native of Southeast Michigan,
Ed is passionate about driving local economic growth and
opportunity. He serves as chair of the United Way of Southeastern Michigan Board of Directors and
has been active with the Arab Community Center for Economic and
Social Services (ACCESS), Southwest Detroit Business Association
and Focus Hope. He lives in Dearborn with his wife and three children.
Bank of America
Bank of America is one of the world's
leading financial institutions, serving individual consumers, small
and middle-market businesses and large corporations with a full
range of banking, investing, asset management and other financial
and risk management products and services. The company provides
unmatched convenience in the United
States, serving approximately 69 million consumer and small
business clients with approximately 3,700 retail financial centers,
approximately 15,000 ATMs (automated teller machines) and
award-winning digital banking with approximately 58 million
verified digital users. Bank of America is a global leader in
wealth management, corporate and investment banking and trading
across a broad range of asset classes, serving corporations,
governments, institutions and individuals around the world. Bank of
America offers industry-leading support to approximately 4 million
small business households through a suite of innovative,
easy-to-use online products and services. The company serves
clients through operations across the
United States, its territories and more than 35 countries.
Bank of America Corporation stock is listed on the New York Stock
Exchange (NYSE: BAC).
Reporters may contact
Naomi
R. Patton, Bank of America
Phone: 646.855.4266
naomi.patton@bofa.com
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SOURCE Bank of America Corporation