The council, which will be inaugurated in Hong Kong in March, is to be chaired by the bank’s Chief Executive Officer, Mr Brian Moynihan and will be tasked to “advise senior bank executives on trends and emerging opportunities in local markets”.
Sir.Jonah is the only African among what the bank described as “internationally recognised business, academic and policy leaders who will share expertise and insights into the bank’s global engagements and help strengthen its worldwide relationships”.
A statement from the bank said “Bank of America has relationships with Clients who compete in every region of the globe” and expressed the gratitude of the CEO, Mr Moynihan, to members of “Global Advisory Council leaders for sharing their perspectives experience and judgement, which will help make us a better partner for the clients we serve.”
Sir. Sam Jonah, who is the Chancellor of the University of Cape Coast, is also the only African serving on the Board of Vodafone plc.
The Bank of America is one of the world’s largest financial institutions, serving individual consumers, small-and middle- market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.