Bank of America
James DeMare is president of Global Markets for Bank of America, and is member of the company’s executive management team. He also oversees Commercial Real Estate Lending. He is a member of the Global Banking and Markets Management Committee and Operating Committee, and co-chairs the Global Markets Risk Committee. In addition, DeMare serves on the Environmental, Social, and Governance (ESG) Committee in which he partners with leaders across the company to achieve sustainable financing goals inclusive of deploying capital and investment products to clients.
Prior to assuming his current role, DeMare was co-head of Fixed Income, Currencies and Commodities (FICC) Trading. Prior to that, he served as head of Global Securitized Products. He joined Bank of America in 2008 and has been responsible for trading, origination, securitization and risk management activities covering a broad range of asset classes within the fixed income business. Before joining Bank of America, DeMare was responsible for Global Mortgage Trading at Citigroup. In his 11 years at Citigroup and its predecessor, Salomon Brothers, he held numerous senior trading positions.
Active within the organization and community to drive diversity and inclusion, DeMare serves as a trustee for Prep for Prep, which is a leadership development program for diverse students to provide access to education, mentorships and jobs. In addition, he co-sponsors Developing and Engaging African American Leaders (DEAL), which is a Global Banking and Markets Employee Network focused on hiring, promotion and retention of African American and Black talent. DeMare also serves on the Dean’s Council at Weill Cornell Medicine.
DeMare graduated summa cum laude with a Bachelor of Arts in economics from Skidmore College.
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Bank of America
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Bank of America is one of the world’s largest financial institutions. Bank of America counts individuals, small and medium businesses, global corporations, and governments among its customers. Within the US, it serves approximately 56 million consumers and small businesses. Globally, it is recognized as a leader in wealth management, corporate and investment banking, and trading. Bank of America has eight business segments serving people, companies, and institutions. The bank has four business lines serving people: Retail, Preferred, Merrill Lynch Wealth Management, and Bank of America Private Bank. Retail offers consumers a suite of products and services through both digital and a large network of brick and mortar branches. Preferred supports clients with up to $250,000 in assets and small businesses with up to $5 million in revenue with cash management, investment solutions. Merrill Lynch Wealth Management serves clients with $250,000 in assets up to ultra high net worth, providing them with unique plans and advice to help each individual achieve their unique financial goals. Bank of America Private Bank provides ultra high net worth clients - those with over $3 million in investable assets - highly personalized, team-based services for investment and wealth management. The bank has three business segments serving companies: Business Banking, Global Commercial Banking, and Global Corporate & Investment Banking. Business Banking serves smaller U.S. companies with annual revenues of $5 million to $50 million through its network of local teams. Global Commercial Banking serves middle-market U.S. companies with revenues in the range of $50 million to $2 billion through a combination of local relationship managers backed by the full capabilities of the bank. These capabilities include treasury, lending, leasing, investment banking, risk management and international subsidiary banking services. The Global Corporate & Investment Banking segment serves clients exceeding $2 billion in revenues and government agencies across 38 countries. The bank provides treasury services, lending, leasing, advisory, and debt and equity underwriting solutions for these clients. For institutions, Bank of America’s Global Markets serves clients such as hedge funds, asset managers, pensions and other financial institutions. BofA provides global sales and trading services to these institutional clients across fixed income, credit, currencies, commodities and equities.