Bank of America has appointed senior executives to lead a major push in integrating artificial intelligence across its Global Markets division. The move, announced on July 17, emphasizes the bank’s commitment to embedding AI within its trading platforms and analytics, while expanding its digital assets infrastructure.
New Leadership and Strategic Focus
Kevin Milsom will spearhead the AI transformation for Bank of America’s global platforms, tasked with weaving AI capabilities into the core systems that support market operations worldwide. At the same time, Amy Avery’s Analytics, Modelling & Insights team, also known as AMI, has been merged into the platforms group. This organizational shift underlines the bank’s approach to tightly integrating data-driven insights with the trading and client platforms used daily.
Meanwhile, Sonali Theisen takes charge of the newly created global digital assets platform, in addition to overseeing Global FICC E-trading and strategic investments. This combined role signals a clear intent to develop crypto-adjacent infrastructure without focusing on any particular blockchain or cryptocurrency.
By combining AI and digital asset efforts under connected leadership, Bank of America appears to view these technologies as intertwined tools to enhance productivity and revenue generation. The chief technology officer previously highlighted plans to invest billions into AI and related tech, aiming to modernize operations without significantly increasing workforce size.
The digital assets platform could eventually open new on-ramps for institutional investors and wealth management clients eager to access tokenized assets. This aligns with the bank’s broader strategy to embed AI directly into execution infrastructure rather than keeping it siloed, enhancing efficiency across its global markets.
