Bank of America
Thong Nguyen is vice chairman and a member of the company’s executive management team. As head of Global Strategy and Enterprise Platforms, he oversees the Corporate Strategy, Enterprise Payments, and Wealth Management platforms.
His responsibilities include working closely with the chief executive officer and the board of directors to shape the company’s long-term strategic priorities; formulating and executing the payments strategy across the company; and driving the wealth management product development and operating platforms that serve clients of Merrill Lynch, the Private Bank and Consumer Banking.
Previously, Nguyen was president of Retail Banking where he oversaw the operations of Bank of America’s coast-to-coast retail financial centers, client service centers, the ATM network, Overseas Military Banking, and the award-winning digital banking platform with nearly 39 million active users, including nearly 30 million mobile users. His team was responsible for providing a full range of financial products and services to approximately 66 million consumer and small business clients.
Prior to his role in Retail Banking, he was the firm’s Corporate Strategy, Planning and Development executive and was responsible for M&A/dispositions activities, New BAC (the bank’s long-term initiative to simplify operations and reduce costs), the company’s Private Equity portfolio, and the China Construction Bank Strategic Assistance effort.
Nguyen also held various operational roles as division executive for U.S. Trust; head of Fiduciary Solutions at U.S. Trust; head of Private Advisory Services at Global Private Banking; Global Corporate and Investment Banking business executive; and head of Global Wealth and Investment Management’s Marketing and Business Development groups.
Before joining Bank of America, Nguyen worked at GE Capital and McKinsey & Co. He received a B.S. in mechanical engineering and an MBA in finance and marketing from Columbia University.
This person is not in any offices
Bank of America
757 followers
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.