Brian Moynihan Biography and Wiki
Born on October 9, 1959, in Marietta, Ohio, Brian Moynihan is an American prominent businessman, lawyer, and Chairman and CEO of Bank of America. In 2010, he was promoted to President and CEO and joined the Board of Directors. He was born on 9th October 1959 in Marieta, Ohio.
Brian Moynihan Age: How old is Brian Moynihan?
Brian Moynihan is 59 years old as of 2019. He was born Brian Thomas Moynihan on October 9, 1959, in Marietta, Ohio, U.S. Brian celebrates his birthday on October 9 every year.
Brian Moynihan Height and Weight
Brian stands at a height of 5 feet 6 inches (1.67m) with a moderate weight. He is a man of average stature, he also appears to be quite tall in stature in his photos.
Brian Moynihan Family and Education
He was born in a Roman Catholic family of Irish descent. He grew up in Marietta, Ohio, and attended Brown University. In 1981, he graduated from Brown University where he majored in history. He co-captained his college rugby team. He earned a Juris Doctor from the University of Notre Dame Law School and later returned to Providence, Rhode Island to join Edwards & Angell LLP, the city’s largest corporate law firm.
Brian Moynihan Wife and Children: Is Brian Moynihan Married?
Brian is married to his wife Susan E. Berry whom he met while at Brown University. In their marriage, together they have been blessed with 3 children.
Brian Moynihan Net Worth and Salary
Coming to his total net worth, it has been estimated that ben has a net worth total of 65.7 million dollars as of 2020, Moynihan owns over 21,838 units of Bank of America stock worth over $42,910,327 and over the last 2 years he sold BAC stock worth over $0.
Brian got a 15% raise in his salary which is the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings the previous year. Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in-stock units, some of which are performance-based.
Bank of America, the second-biggest U.S. lender after J.P. Morgan Chase, benefited last year from the corporate tax cut, rising interest rates, and Moynihan’s efforts to cut costs. The bank generated $28.1 billion in profits in 2018, 54 percent more than the previous year, on $91.2 billion in revenue.
Brian Moynihan Bank Of America
He is the Chairman of the Board and Chief Executive Officer. Moynihan leads a team of more than 200,000 employees dedicated to making financial lives better for people, companies of every size, and institutional investors across the United States and around the world.
The Bank of America is recognized as a top employer by Working Mother magazine and Military Times. The company is also listed on Fortune magazine’s list of the Best Workplaces for Diversity and the Best Workplaces for Parents.
It was also named one of the Best Places to Work for Disability Inclusion by the U.S. Business Leadership Network and the American Association of People with Disabilities. In 2018, Euromoney recognized Bank of America as the World’s Best Bank and the World’s Best Bank for Diversity and Inclusion, as part of its annual Global Awards for Excellence.
He participates in several organizations that focus on economic and market trends, including the World Economic Forum International Business Council, the Financial Services Forum and the Bank Policy Institute (chair of both), the Business Roundtable, and the American Heart Association CEO Roundtable (co-chair). He is also a member of the Federal Advisory Council of the Federal Reserve Bank.
Brian leads the company’s Global Diversity and Inclusion Council and is a member of the museum council for the Smithsonian’s National Museum of African American History and Culture. Moynihan is also a member of the Brown University Corporation’s Board of Fellows and the Congressional Medal of Honor Foundation Board.
Brian Moynihan Compensation
He received $25 million in stock grants and a $1.5 million salary, the bank said in a filing Friday. Net income at the second-largest U.S. lender surged 54 percent last year to a record $28.1 billion, helped by gains in the consumer banking division.
Brian Moynihan CNBC and Wikipedia
Before becoming the President of Consumer and Small Business Banking (SBB) at Bank of America he held various banking positions. In April 1993 he joined Fleet Boston bank as a deputy general counsel. He also served as Executive Vice President managing Fleet’s brokerage and wealth division from 1999-2004.
In 2004 after Bank of America(BoA) merged with FleetBoston Financial he joined BoA as its president of global wealth and investment management. In September 2008, he was named CEO of Merrill Lynch after its sale to BoA and became the CEO oF Bank of America after Ken Lewis stepped down in 2010.
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. Huffington Post blogger Julian Berman on October 26, 2011, she noted that BoA has also been hammered in the stock and bond markets.
Julia LaRoche wrote in Business Insider on December 27, 2011, that Moynihan “admitted the proposed $5 monthly fee for debit card users wasn’t the best idea”. In late January 2012, Moynihan stated:
“What we need to do is to continue to fine-tune the company, give capital ratios where people understood that we had the capital we knew we had. And then they saw that and that’s why you saw some response in the stock…The core issue now is to drive the core earnings, and we’ve got to get the costs down in the company, which we’re working on. And then as the economy continues to move along, even at the 2 percent growth level, we’ll start to materialize more and more earnings, and that’s what we need to do.”
Brian Moynihan Criticism
In 2012 the bank’s shareholder meeting in Charlotte, North Carolina it was convened “as protest swirled inside and outside”, according to the San Francisco Chronicle. Shareholders complained about the bank’s mortgage servicing operations, decreased share prices, and other issues.
In 2012, alongside other CEO’s he faced heavy criticism from Senator Bernie Sanders in a report titled “Top Corporate Tax Dodgers”. According to the report, 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.
Brian Moynihan Measurements and Facts
Here are some interesting facts and body measurements you should know about Brian.
Brian Moynihan Bio and Wiki
- Full Names: Brian Moynihan
- Gender: Female
- Occupation / Profession: Businessman
- Nationality: American
- Race / Ethnicity: White
- Religion: Christian
- Sexual Orientation: Straight
Brian Moynihan Birthday
- Age / How Old?: 59 Years Old
- Date of Birth: October 9, 1959
- Place of Birth: Marietta, Ohio
- Birthday: October 9
Brian Moynihan Body Measurements
- Body Measurements: Not Available
- Height / How Tall?: 5 feet 6 inches (1.67m)
- Weight: Not Known
- Eye Color: Blue
- Hair Color: Black
- Shoe Size: Not Available
Brian Moynihan Family and Relationship
- Father (Dad): Not Known
- Mother: Not Known
- Siblings (Brothers and Sisters): Not Known
- Marital Status: Married
- Wife/Spouse: Married to Susan E. Berry
- Children: 3
Brian Moynihan Networth and Salary
- Net Worth: $65.7 million
- Salary: $1.5 million
- Source of Income: Business
Frequently Asked Questions About Brian Moynihan
Who is Brian Moynihan?
Born on October 9, 1959, in Marietta, Ohio, Brian Moynihan is an American prominent businessman, lawyer, and Chairman and CEO of Bank of America. In 2010, he was promoted to President and CEO and joined the Board of Directors. He was born on 9th October 1959 in Marieta, Ohio.
How old is Brian Moynihan?
Brian Moynihan is 59 years old as of 2019. He was born Brian Thomas Moynihan on October 9, 1959, in Marietta, Ohio, U.S. Brian celebrates his birthday on October 9 every year.
How tall is Brian Moynihan?
Brian stands at a height of 5 feet 6 inches (1.67m) with a moderate weight. He is a man of average stature, he also appears to be quite tall in stature in his photos.
Is Brian Moynihan Married?
Brian is married to his wife Susan E. Berry whom he met while at Brown University. In their marriage, together they have been blessed with 3 children.
How much Does Brian Moynihan Make?
Brian got a 15% raise in his salary which is the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings the previous year. Moynihan’s compensation rose to $26.5 million from $23 million in 2017, according to a regulatory filing Friday. That includes a $1.5 million salary and $25 million in-stock units, some of which are performance-based.
How Much is Brian Moynihan Worth?
Coming to his total net worth, it has been estimated that ben has a net worth total of 65.7 million dollars as of 2020, Moynihan owns over 21,838 units of Bank of America stock worth over $42,910,327 and over the last 2 years he sold BAC stock worth over $0.
Where Does Brian Moynihan Live?
Brian currently resides in Wellesley with his wife and children.
Brian’s Social Media Contacts
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Reference:
We acknowledge the following websites that we have referenced as we were writing this article.:
- Wikipedia