Brian Thomas Moynihan (geboren 1959 oder 1960) ist ein US-amerikanischer Anwalt und Banker. Er ist Vorstandsvorsitzender, Präsident und CEO der Bank of America , nachdem er 2010 in diese Positionen befördert wurde. [ 2 ]

Moynihan ist unter anderem Mitglied des Vorstands des Council on Competitiveness [ 3 ] und des Vorstands der Partnership for Rhode Island [ 4 ] . Im Juli 2024 wurde er zum Kanzler der Brown University ernannt. [ 5 ]

Frühes Leben und Bildung

Moynihan wurde in Marietta, Ohio , geboren [ 6 ] und war das sechste von acht Kindern einer katholischen Familie irischer Abstammung. [ 7 ] [ 8 ] 1981 schloss er sein Geschichtsstudium an der Brown University ab, wo er auch Co-Kapitän der Rugby -Mannschaft war und seine spätere Ehefrau, seine Kommilitonin Susan E. Berry, kennenlernte. [ 9 ] [ 10 ] Anschließend erwarb er den Juris Doctor an der University of Notre Dame Law School [ 11 ] , bevor er nach Providence, Rhode Island , zurückkehrte, um bei Edwards & Angell LLP , der größten Wirtschaftskanzlei der Stadt, einzusteigen . [ 10 ]

Karriere

Moynihan mit Präsident Donald Trump im März 2020

Moynihan bekleidete zahlreiche Positionen im Bankwesen, bevor er im Januar 2009 Präsident des Privat- und Kleinunternehmensgeschäfts (SBB) bei der Bank of America wurde. [ 12 ]

He joined Fleet Boston bank in April 1993 as a deputy general counsel.[11] From 1999 to April 2004, he was an executive vice president, managing Fleet's brokerage and wealth management division. After Bank of America (BofA) merged with FleetBoston Financial in 2004, he joined BofA as president of global wealth and investment management.[13] He was named CEO of Merrill Lynch after its sale to BofA in September 2008 and became the CEO of Bank of America after Ken Lewis stepped down in 2010.[12]

On August 25, 2011, CNBC's Drew Sandholm noted that "[d]espite having recently told investors Bank of America ... doesn't need to raise capital, CEO Brian Moynihan will accept $5 billion in capital from famed investor Warren Buffett. The deal not only surprised the Fast Money traders on Thursday, it also caused them to question Moynihan's credibility."[14]

On September 12, 2011, CNBC's John Carney noted that Moynihan had "once again laid out his company's plan to meet regulatory capital requirements and denied that the bank will have to issue new stock to raise capital ... [Moynihan] says that Warren Buffett's $5 billion counts as Tier 1 Capital. But the markets have largely ignored the investment, most likely because it looks a lot more like debt than capital."[15]

On October 26, 2011, Huffington Post blogger Jillian Berman noted that BoA "has also been hammered in the stock and bond markets" and "was the worst performer in the Dow Jones Industrial Average for two quarters straight ... while Moody's downgraded the bank last month." She added while Jamie Dimon, JPMorgan Chase's CEO, received a $19 million raise in 2010, Moynihan's salary stayed level at $950,000.[16]

On December 27, 2011, Julia LaRoche wrote in Business Insider that Moynihan "admitted the proposed $5 monthly fee for debit card users wasn't the best idea." She quoted him as saying: "We struck a chord with customers that no one anticipated. We learned our lesson and stopped it."[17] It was later reported that the failed fee plan led to a 20% increase in account closures during the last three months of 2011.[18]

Business Insider noted that "a group of law professors and activists from a non-profit called Public Citizen sent a 24-page petition to Fed Chairman Ben Bernanke and Treasury Secretary Geithner asking them to consider breaking up and reforming Bank of America.[19]

In November 2023, Bloomberg reported that Moynihan had set up a succession plan for his eventual replacement; at that time, he remained CEO and chair of Bank of America's board. Moynihan stated he planned on remaining CEO for years.[20] That same year, Moynihan's total compensation from Bank of America was $27.8 million.[21] In 2024, Bank of America paid Moynihan a total of $35 million, which amounted to a 21 percent pay raise year-over-year.[22] In 2025, his total compensation rose to $41 million.[23]

Moynihan is a fellow at Brown University, serving from 2016 to 2027.[24] He is also a member of The Business Council, the Business Roundtable, and other business organizations.[25] He also sits on the steering committee of the Council for Inclusive Capitalism.[26]

Criticism

Bank of America's 2012 shareholder meeting in Charlotte, North Carolina convened "as protests swirled inside and outside," according to the San Francisco Chronicle. There were complaints from shareholders regarding the bank's mortgage servicing operations, decreased share prices and other issues. Protesters converged outside the building, which they were barred from entering by police and metal barricades. In response to the criticisms of the bank's mortgage servicing operations, Moynihan tried to reassure the audience, saying "you can call us and we will figure it out."[27]

In 2012, Moynihan (along with other CEOs) was criticized by Sen. Bernie Sanders (I-VT) in a report titled "Top Corporate Tax Dodgers."[28][29] According to the report, Moynihan's Bank of America paid no federal income tax in 2010 and received a $1.9 billion tax refund, despite making $4.4 billion in profits. The report also includes criticisms of Bank of America's use of tax havens.[30]

In January 2025, Moynihan was rebuked by President Donald Trump for not taking "conservative business," with Moynihan responding that Bank of America provides banking services to "everybody."[31][32][33] He subsequently came out against the "over-regulation" of banks in February 2025, saying there is "a lot of burden upon the banking system to both report suspicious activity and do a lot of analysis."[34][35][36]

Accolades

In 2020, Moynihan received Chief Executive's "CEO Of The Year" award, which is given to "extraordinary American business leaders" and peer-selected.[37] In 2023, he was honored as a "Distinguished Bostonian" by the Greater Boston Chamber of Commerce, and one of the 150 most influential Bostonians by Boston Magazine.[38]

In March 2026, Moynihan received the UNC Charlotte Distinguished Service Award for "leadership, service, and impact."[39]

Personal life

Moynihan lives in Wellesley, Massachusetts with his wife, Susan, and three children.[40] He frequently commutes between Boston and Bank of America's headquarters in Charlotte, North Carolina, using the company's private jets.[41] This practice has come under scrutiny from some shareholders, with Moynihan defending his presence in "multiple locations."[42][43][44]

References

  1. ^"Bank of America lifts Moynihan's pay 17% to $41 million for 2025". Fortune. February 13, 2026. Retrieved May 14, 2026.
  2. ^Augstums, Ieva M. (December 16, 2009). "Bank of America names Brian Moynihan as new CEO". Associated Press. Retrieved December 17, 2009.
  3. ^"Meet the Council, Uniting Leaders to Foster Prosperity". Council on Competitiveness. 2025.
  4. ^"About". Partnership for Rhode Island. 2021.
  5. ^ „Brian Moynihan wird als 22. Kanzler der Universität die Brown Corporation leiten“ . Brown University . 13. Februar 2024. Archiviert vom Original am 10. März 2025. Abgerufen am 14. Februar 2024 .
  6. ^ „Ein Blick auf Brian Moynihan, den neuen CEO der Bank of America“ . Press. 16. Dezember 2009. Abgerufen am 17. Dezember 2009 .
  7. ^ Esterl, Mike (26. Januar 2010). „Nach dem Beben: Eine Lektion in Beharrlichkeit“ . The Wall Street Journal . Abgerufen am 2. Februar 2011 .
  8. ^ „Die Brüder Moynihan“ . Brown Alumni Magazine . Abgerufen am 31. Juli 2015 .
  9. ^ „Einweihung des Brown Rugby Field“ . 2009 Brown University, Brown Rugby Team . Abgerufen am 17. Dezember 2009 .
  10. ^ a b Wallack, Todd (17. November 2009). „Moynihan bringt im Rennen um den Spitzenposten der Bank of America Erfahrung im Gewinnen harter Kämpfe mit .“ The Boston Globe . Abgerufen am 17. Dezember 2009 .
  11. ^ a b „Bank of America ernennt Brian Moynihan zum General Counsel“ . Bank of America. 10. Dezember 2008. Abgerufen am 17. Dezember 2009 .
  12. ^ a b "Brian T. Moynihan" . Forbes . Archiviert vom Original am 17. Oktober 2010. Abgerufen am 13. Oktober 2010 .
  13. ^ Grocer, Stephen (22. Oktober 2009). „Kennen Sie Ihren BofA-CEO-Kandidaten: Brian Moynihan“ . Wall Street Journal . Abgerufen am 17. Dezember 2009 .
  14. ^ Drew Sandholm (25. August 2011). „Wird Brian Moynihans Glaubwürdigkeit durch den Warren-Buffett-Deal beeinträchtigt?“ CNBC.
  15. ^ John Carney (12. September 2011). „Bank of America ignoriert weiterhin die Markteinschätzung des Risikos“ . CNBC . Abgerufen am 5. April 2012 .
  16. ^ Jillian Berman (26. Oktober 2011). „BofA-CEO Brian Moynihan ‚empört‘ darüber, dass die Leute nicht erkennen, ‚wie viel Gutes‘ seine Mitarbeiter tun“ . Huffington Post . Abgerufen am 5. April 2012 .
  17. ^Julia La Roche. "Brian Moynihan: We Didn't Think BofA Customers Would Be Ticked Off With The $5 Debit Card Fee". Business Insider. Archived from the original on April 6, 2012. Retrieved April 5, 2012.
  18. ^Susanna Kim, Matt Gutman (January 23, 2012). "BofA Debit Fee Plan Led to 20% Jump in Closed Accounts". ABC News. Retrieved May 16, 2012.
  19. ^Lopez, Linette (January 25, 2012). "No Matter What Brian Moynihan Says, People Are Still Calling For Bank Of America's Break-Up". Business Insider. Retrieved June 11, 2023.
  20. ^"Bank of America's Moynihan Says Succession Plan Leaves Nothing to Chance". Bloomberg.com. November 8, 2023. Retrieved December 13, 2023.
  21. ^Anderson, Mae; Harloff, Paul; Ortutay, Barbara (June 3, 2024). "CEOs made nearly 200 times what their workers got paid last year". AP News. Archived from the original on September 3, 2024. Retrieved September 4, 2024.
  22. ^"Bank of America bumps Moynihan's pay to $35M for 2024 | Banking Dive". www.bankingdive.com. Retrieved March 26, 2025.
  23. ^"Big bank CEOs got the highest pay raises in 2025". American Banker. June 4, 2026. Retrieved June 5, 2026.
  24. ^"Brian T. Moynihan". Corporation | Brown University. Retrieved June 27, 2024.
  25. ^"Brian Moynihan". World Economic Forum.
  26. ^"Steering Committee | Council for Inclusive Capitalism". May 15, 2021. Retrieved August 19, 2025.
  27. ^Hugh Son (May 9, 2012). "BofA Chief Moynihan Faces Shareholder Ire as Protests Swirl". San Francisco Chronicle. Retrieved May 16, 2012.
  28. ^"Bernie Sanders Calls Out CEO Tax Dodgers over Deficit, Hypocrisy | Common Dreams". www.commondreams.org. Retrieved March 20, 2025.
  29. ^ „Sanders fordert CEOs auf, ihren fairen Anteil zu zahlen, bevor sie über Defizite referieren | Tax Notes“ . www.taxnotes.com . Abgerufen am 20. März 2025 .
  30. ^ Die größten Steuersünder unter den Unternehmen – Top Americans For Tax Fairness, Institut für Politikstudien
  31. ^ Dumas, Breck (23. Januar 2025). „Trump konfrontiert den CEO der Bank of America, weil dieser keine ‚konservativen Geschäfte‘ annimmt.“" . FOXBusiness . Abgerufen am 20. März 2025 .
  32. ^ „Moynihan von der Bank of America: Trumps Kritik an der Bankenreform befeuert den regulatorischen Dialog | Banking Dive“ . www.bankingdive.com . Abgerufen am 20. März 2025 .
  33. ^ Gerut, Amanda. „Trump greift den CEO der Bank of America, Brian Moynihan, und Jamie Dimon von JPMorgan in Davos an: ‚Was Sie tun, ist falsch.‘“" . Fortune . Abgerufen am 20. März 2025 .
  34. ^ „Moynihan macht Überregulierung und nicht Politik für den Verlust des Bankzugangs für Kunden verantwortlich“ . Bloomberg .
  35. ^ PYMNTS (25. Februar 2025). „BofA-CEO: Überregulierung schließt Kunden vom Bankensystem aus“ . PYMNTS.com . Abgerufen am 26. März 2025 .
  36. ^ Pringle, Eleanor. „Brian Moynihan sagt, die Verbraucher befänden sich in einer ‚klassischen‘ Situation: Sie machten sich Sorgen um ihr Geld, gaben aber weiterhin Geld aus . “ Fortune . Abgerufen am 26. März 2025 .
  37. ^ „Feierlichkeiten zum CEO des Jahres 2020“ . ChiefExecutive.net . Abgerufen am 26. Juni 2024 .
  38. ^ „Die 150 einflussreichsten Bostoner des Jahres 2023“ . Boston Magazine . 18. April 2023. Abgerufen am 20. März 2025 .
  39. ^ Howe, Jennifer (30. März 2026). „Brian Moynihan erhält den UNC Charlotte Distinguished Service Award“ . Inside UNC Charlotte . Abgerufen am 5. Juni 2026 .
  40. ^ „Das Leben von Brian Moynihan“ . www.irishamerica.com . Abgerufen am 20. März 2025 .
  41. ^ Brown, Bob (26. Januar 2024). „Frisch vom Weltwirtschaftsforum: Der CEO der Bank of America besucht Wellesley“ . The Wellesley Report . Abgerufen am 20. März 2025 .
  42. ^Bank of America CEO Brian Moynihan sees big pay increase
  43. ^Bank of America CEO ranks high for corporate jet use
  44. ^Bank of America's Moynihan defends his Boston residency