Bank of America has appointed 13 business, academic and public policy leaders to its newly-created Global Advisory Council, which is chaired by chief executive Brian Moynihan.

Bank of America has appointed 13 business, academic and public policy leaders to its newly-created Global Advisory Council, which is chaired by chief executive Brian Moynihan.

Members of the council will share expertise and insights on the bank’s global engagement, while advising senior bank executives on trends and emerging opportunities in local markets.

A number of firms have sought to create bodies that go above national markets and governments to deal with a world that increasingly operates without such borders, especially in the financial sector. For example, Natixis Global Asset Management last year established advisory panels composed of financial advisors and representatives from the firm’s affiliates to provide insights and recommendations to investors globally. In the multi-family office space, the Wigmore Association, a collaboration of a number of such businesses, aims to give each firm access to greater global resources. 

“Bank of America has relationships with clients who compete in every region of the globe,” Moynihan said. 

Members of the Bank of America Global Advisory Council, which is a non-fiduciary body, include:

• Dr Patrick Soon-Shiong (US) - founder, former chairman and CEO, Abraxis Bioscience;

• David Westin (US) - former president and CEO, NewsRight, and former president, ABC News;

• The Honorary Kay Bailey Hutchison (US) - former US senator (Texas);

• Bader Al Sa’ad (Kuwait) - managing director and CEO, Kuwait Investment Authority;

• Donald Argus (Australia) - former CEO, National Australia Bank, and former chairman, BHP Billiton Group;

• Thierry Breton (France) - chairman and CEO, Atos;

• Edson de Godoy Bueno (Brazil) - president and CEO, Amil Participacões;

• Chong-Suk Choi (South Korea) - president and CEO, chairman of the board of directors, Korea Investment Corporation;

• Sir Sam Jonah (Ghana) - founder and chairman, Jonah Capital;

• Eijiro Katsu (Japan) - former administrative vice minister at Japan’s Ministry of Finance, and former director general at Japan’s Finance Bureau;

• Dr Jürgen Kluge (Germany) - director emeritus, McKinsey & Company;

• Ali Koç (Turkey) - executive board member of Koç Holding and chairman of Ford Otosan;

• Professor Frederick Ma (Hong Kong) - former secretary for financial services and the treasury, and former secretary for commerce and economic development, Hong Kong.

The BofA Global Advisory Council will hold its inaugural annual meeting in Hong Kong in early March.