BofA Names Alastair Borthwick CFO in Management Team Overhaul

The video discusses significant leadership changes at Bank of America, including the appointment of Alistair Borthwick as the new CFO, replacing Paul Donofrio. The changes are part of a broader strategy to position the bank for responsible growth. The video also highlights the departure of key figures like Ximian Paris and the elevation of new leaders such as Jim Dimmer. The discussion touches on industry trends and the evolving nature of talent in banking, emphasizing the inclusion of more women in top roles, including Lauren Mogensen as the new general counsel.

What impact did the financial crisis have on the leadership structure of banks, according to the discussion?

How has the composition of the management team changed in terms of gender representation?