CHARLOTTE, North Carolina — Bank of America is shaking up its executive leadership with new appointments as part of the Charlotte bank’s strategy to strengthen its global business.

Bank of America CEO Brian Moynihan made three key leadership appointments Friday, the company said in a news release after markets closed. “These leadership appointments will drive our efforts to build and deliver Bank of America’s capabilities across the globe,” Moynihan said.

The leadership changes are: * Dean Athanasia and Jim DeMare will be co-presidents of Bank of America, working with the bank’s eight lines of business and their leaders, who will report to them. They will be focused on companywide initiatives aimed at long-term growth and returns, managing costs and expenses, expanding customer AI-based tools and innovation, local and global market growth, and operations. * Alastair Borthwick was named executive vice president and chief financial officer. Borthwick has served as the company’s CFO for four years. He has assumed additional responsibilities over time, as a strategic advisor and the leader of the company’s positioning with its global investor base.

Athanasia and DeMare have nearly 60 years of combined experience in financial services across every client segment, market, function and industry, Moynihan said. Athanasia was previously president of regional banking and DeMare was president of global markets.

Under Athanasia’s leadership, Bank of America reported 26 consecutive quarters of net checking account growth, deposits rose by roughly 32% from 2019 through last quarter, and record levels of digital adoption across consumer and wealth management, Moyhinan said in a letter shared Friday with company employees.

Under DeMare’s leadership, Bank of America posted 13 consecutive quarters of year-over-year growth in sales and trading and materially increased net income and returns during that period, Moynihan said in the letterr calling it “unmatched in the industry during this time period.”

As CFO, Borthwick strengthened every major aspect of the bank’s balance sheet, strategically deployed capital to key growth and investment areas and drove expense management, Moynihan said in the letter.

“He will also continue to lead broader efforts to position Bank of America with investors and shareholders around the world with our management team,” Moynihan said.

Bank of America reported a record second quarter for revenue ending June 30, totaling $26.5 billion, up 4% year over year. Net income was up 3% compared to last year, $7.1 billion.

Bank of America is the second largest bank in the U.S., and has 213,000 employees with more than 19,000 workers in the Charlotte region.

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