Bank / Wealth / Trust

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Bank of America

Bank of America traces its modern form to the 1998 NationsBank acquisition of the old BankAmerica, though its corporate and investment banking lineage runs...

Bank of America logo

Bank of America

Bank of America traces its modern form to the 1998 NationsBank acquisition of the old BankAmerica, though its corporate and investment banking lineage runs deeper through the 2008 Merrill Lynch absorption. The Global Corporate & Investment Banking division sits inside a universal bank with a balance sheet exceeding $3 trillion, serving corporate clients ranging from middle-market firms to multinational conglomerates. Its wealth-origin is its depositor base and capital markets, not a founding family. Strategy centers on corporate lending, debt and equity underwriting, treasury services, and M&A advisory. The division operates across North America, Europe, and Asia-Pacific, with concentrated deal flow in leveraged finance, investment-grade debt, and equity capital markets. Notable recent mandates include advisory work on large-cap M&A and primary issuance for corporate clients in technology, healthcare, and industrial sectors. The platform combines direct lending with syndicated distribution, acting as both principal and agent across its corporate client base. Scale is vast but disaggregated — the Global Corporate & Investment Banking unit sits alongside Global Markets and Global Wealth & Investment Management under the Bank of America umbrella. Headcount is not publicly broken out for this specific division, but the broader bank employs over 200,000 people. Presidential leadership beyond Moynihan includes CFO Alastair Borthwick and institutional heads across regions. The division does not operate separate club vehicles or family-office-style co-investment clubs; its adjacency is the broader bank's Merrill Lynch wealth management arm. Structurally, this is not a family office, partnership, or boutique — it is a bank division inside a systemically important financial institution. Its differentiator is the permanent balance-sheet capacity of a top-three US bank paired with distribution reach across institutional investors globally. Regulatory constraints and capital requirements shape every underwriting decision, making its posture fundamentally different from an unconstrained private investment firm.

General information

Firm type

Bank / Wealth / Trust

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Charlotte

Corporate office

Charlotte, NC, United States

Principals

Brian Moynihan

Chairman and Chief Executive Officer

Sector focus

Financial Services

Frequently asked questions

Is this a single-family office or an investment firm?

Neither. Bank of America's Global Corporate & Investment Banking division is a unit within a publicly traded universal bank, headquartered in Charlotte and regulated as a bank holding company. It serves external corporate clients rather than managing a single family's capital. The division's profits contribute to the broader bank's earnings rather than operating as a standalone entity.

What does the Global Corporate & Investment Banking division actually do?

The division provides corporate lending, debt and equity underwriting, M&A advisory, and treasury services to companies globally. It operates across North America, Europe, and Asia-Pacific, with significant activity in leveraged finance, investment-grade debt, and equity capital markets. The business model combines Bank of America's own balance-sheet lending with fee-based advisory and capital markets intermediation.

Who runs the investment bank?

Ultimate authority sits with Bank of America Chairman and CEO Brian Moynihan, with division heads reporting into the firm's institutional leadership structure. The corporate and investment bank operates within the Global Banking and Global Markets segments of the firm. Specific divisional leadership rotates periodically as part of standard bank management practices.

Does Bank of America participate in direct private investments or fund structures?

The bank occasionally makes principal investments through its own balance sheet, but its core model is client-facing corporate banking, not proprietary investing. Unlike family offices or private investment firms, its activities are shaped by the Volcker Rule and other post-2008 regulatory frameworks that limit proprietary trading and certain investment activities.

How does Bank of America source its deal flow?

Deal flow originates through the bank's extensive corporate relationship network, with thousands of corporate clients across industry verticals and geographies. Sector-specific coverage bankers maintain ongoing dialogue with corporate treasurers and CFOs, supplemented by inbound interest from sponsor-backed companies and growth-stage firms graduating to commercial banking relationships.

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