Paul M. Donofrio
Vice Chairman, Bank of America
Paul M. Donofrio is vice chairman of Bank of America and is a member of the company’s executive management team. As vice chairman, Donofrio oversees the company’s Sustainable Finance strategy and chairs its Sustainable Markets Committee. He also has responsibility for the investment function of the company’s pension, which totals over $22 billion. In addition, the BofA Global Research department reports to him.
Donofrio joined the company in 1999. He most recently served as Bank of America’s chief financial officer for more than six years from 2015 to 2021. Before then, he held a number of key roles across the company, based in New York City and London. He served as co-head of Global Corporate and Investment Banking, head of Global Corporate Banking, head of Global Corporate Credit and Transaction Banking, co-head of Investment Banking, head of all Global Industry Groups and co-head of our Global Healthcare Group.
Prior to joining Bank of America, Donofrio worked at UBS, where he was a senior member of the healthcare group from 1994 to 1999, focusing on biotech, specialty pharmaceuticals, and large cap pharmaceutical companies. Previously, he worked at Kidder, Peabody & Co. in the health care, technology and debt restructuring groups. Donofrio served in the U.S. Navy from 1982 to 1988 as a naval flight officer.
Bank of America was the second largest contributor to the initial capital campaign to build the 9/11 Memorial & Museum. Since then, the company has remained a top corporate partner through annual support of the benefit dinner and corporate membership, and contributes to every major fundraising campaign including the recent emergency Board appeal in response to COVID-19 and The Never Forget Fund. After nearly a decade of service as a 9/11 Memorial & Museum Trustee, former Bank of America Vice Chairman Anne Finucane retired from the Board and strongly recommended Paul to replace her.