Bank Of America To Appoint Jennifer Hill New CFO


The lady of the hour is a former Goldman MD and current RBS exec.

The move is the latest management shakeup at Bank of America. When the nation’s biggest bank announced disappointing first quarter earnings earlier this month, it also disclosed that chief financial officer Charles Noski would leave his post after only a year to tend to “a serious illness of a close family member.”...RBS informed its staff on Thursday that Ms. Hill had resigned her post as head of strategy and corporate finance. She also was a member of the bank’s management committee.

Ms. Hill is set to join Bank of America’s global banking and markets division in July, about the same time Mr. Thompson is slotted to take over as chief financial officer. She will report to Neil A Cotty, the bank’s chief accounting officer.

Update: Bank of America would like to emphasize that the Noski move was "unrelated" to the the hiring of Hill. "We had an opening and found a highly qualified candidate," a spokesman for the bank said.