Bank of America has expanded its push into digital assets with key strategic appointments to lead its global digital assets platform and artificial intelligence transformation. Sonali Theisen will oversee the development and governance of the firm's blockchain-based products, complementing previous efforts in cryptocurrency custody and settlement.
The new leadership will work closely with Adam Dixon, head of digital asset transformation, who oversees tokenized deposits, stablecoins, digital collateral mobility, and other areas related to digital assets. Theisen will also maintain her current responsibilities in the fixed income, currencies, and commodities (FICC) electronic trading area.
The move reflects a broader trend on Wall Street as traditional firms like Morgan Stanley and Vanguard invest in similar technologies. Bank of America's focus on artificial intelligence solutions under Kevin Milsom aims to boost productivity and automation levels across global operating platforms.