Discover the career path of Brian Moynihan, from the first major opportunity to industry-changing achievements.
Brian Moynihan is an American lawyer and banker who serves as the Chairman, President, and CEO of Bank of America. He assumed these leadership roles in 2010 and continues to hold them. His career is primarily centered around the banking and finance industry, marking him as a key figure in the American financial landscape.
Bank of America faces leadership scrutiny and has hired 1,000 contractors to remediate significant software vulnerabilities identified by Anthropic's Mythos AI tool, raising questions about current management.
In April 1993, Brian Moynihan joined Fleet Boston bank as a deputy general counsel.
In 1999, Brian Moynihan became an executive vice president, managing Fleet's brokerage and wealth management division.
After Bank of America merged with FleetBoston Financial in 2004, Brian Moynihan joined BofA as president of global wealth and investment management in April 2004.
In September 2008, Brian Moynihan was named CEO of Merrill Lynch after its sale to BofA.
In January 2009, Brian Moynihan became president of consumer and small business banking (SBB) at Bank of America.
In 2010, Brian Moynihan became the CEO of Bank of America after Ken Lewis stepped down.
In 2010, Brian Moynihan was promoted to chairman, president, and CEO of Bank of America.
In 2010, while Jamie Dimon, JPMorgan Chase's CEO, received a $19 million raise, Moynihan's salary stayed level at $950,000.
In 2016, Brian Moynihan became a fellow at Brown University, serving until 2027.
In November 2023, Bloomberg reported that Brian Moynihan had set up a succession plan for his eventual replacement, but he planned on remaining CEO for years. His total compensation from Bank of America was $27.8 million that year.
In July 2024, Brian Moynihan became the Chancellor of Brown University.
In 2024, Bank of America paid Brian Moynihan a total of $35 million, which amounted to a 21 percent pay raise year-over-year.
Brian Moynihan will serve as a fellow at Brown University until 2027.
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