As part of a host of senior management changes, Bank of America has named Amy Littman to be its new head of global compliance and operational risk.
Littman most recently served as the bank’s deputy general counsel for global human resources, the chief administrative officer group, corporate services, business operations, and internal enterprise investigations, according to an announcement Friday from Bank of America Chairman and CEO Brian Moynihan. In her new post, Littman will report to Chief Risk Officer Geoff Greener.
Littman fills the position most recently held by Lauren Mogensen, who will become global general counsel for the company. Mogensen is succeeding David Leitch, who is retiring at the end of this year, Moynihan announced.
As head of global compliance and operational risk, Mogensen worked directly with global regulators and supervisory institutions, governance committees, and the bank’s board of directors. She has been with the bank since 2001, having previously been a partner and executive committee member for a law firm.
Moynihan also named Cathy Bessant as vice chair, global strategy, a position that will have her working on the bank’s “global integrated strategy, governance, and client and regulator engagement.”
Bessant previously worked as Bank of America’s chief technology and operations officer for more than 12 years and has held various posts within the organization since joining in 1982. She will be based in Paris.
“Leaders who are assuming new and expanded roles on the team have deep and broad experience in different areas, while firmly sharing a commitment to drive our company and responsible growth through its second decade, with me and with all of you,” Moynihan said.