Alastair Borthwick
Chief Financial Officer
2021 – Present
5 years (current)
Key Decisions & Impact
Borthwick's era as CFO has been defined by capital management, net interest income guidance, expense control, and investor communication during a difficult rate cycle. He has had to explain how deposit costs, securities runoff, held-to-maturity accounting, and loan growth affect earnings power. His decisions influence buybacks, capital buffers, balance-sheet positioning, and the credibility of management's return targets. The measurable challenge is that FY2025 profitability remained strong, but investor attention stayed fixed on unrealized securities losses and the timing of net interest income recovery.
Legacy
As Chief Financial Officer, Alastair Borthwick guided Bank of America Corporation He joined Bank of America in 2005 as head of global investment-grade debt capital markets, later serving as president of Global Commercial Banking from 2012 before becoming CFO in late 2021, giving him deep institutional knowledge of the bank's balance-sheet management and capital-markets operations built over more than a decade and a half at the company.