Longtime Bank of America executive Anne Finucane was appointed to President Joe Biden’s intelligence advisory board, according to a statement Friday from the White House.
Finucane served as Bank of America's first woman vice chair. She played a crucial role in the bank’s environmental, social and governance (ESG) efforts and is widely recognized for her strategic positioning and pioneering of sustainable finance.
She now serves in a non-executive chair role for Bank of America Europe and is on the board of BofA Securities Europe, the bank’s EU broker-dealer in Paris.
“It’s hard to get away from me if I have a point of view, because I’m just going to keep at it,” Anne Finucane once told The New York Times. “What I lack in terms of talent, I make up for in terms of stamina.”
Bank of America CEO Brian Moynihan touted Finucane’s leadership qualities as she retired as the bank’s vice chair last year.
“Anne has been a trusted adviser and invaluable partner for many years,” Moynihan said. “From her time as one of the few senior women executives in financial services to today, she has provided unparalleled strategic vision, helping to make banking more transparent, while serving as a tireless advocate for equality, sustainable energy, education and health care.”
Finucane's influence across the bank is apparent in policies and initiatives she led over a decade. She was instrumental in repairing and rebuilding the bank's image after the Countrywide subprime mortgage scandal surfaced in 2008.
Finucane skillfully navigated the bank through its decision to stop financing makers of military-style assault rifles, to stop lending to companies that run private prisons and detention centers and, more recently, in efforts to narrow the racial wealth gap.
Finucane was frequently listed as one of the most powerful women in banking by American Banker, Forbes and Fortune. She serves on a wide range of corporate and nonprofit boards of directors and is a member of the Council on Foreign Relations.