BofA Names Ed Siaje President of Detroit

Core Insights - Bank of America has appointed Ed Siaje as president of Bank of America Detroit, succeeding Matt Elliott who recently retired [1][3] - Siaje will focus on growing market share and advancing economic mobility while continuing his role as Private Bank market executive for Michigan and Minnesota [2][3] Company Overview - Bank of America is a leading financial institution serving approximately 69 million consumer and small business clients through around 3,700 retail financial centers and approximately 15,000 ATMs [5] - The company is recognized for its digital banking services, boasting approximately 58 million verified digital users [5] - Bank of America operates globally, providing a full range of banking, investing, asset management, and risk management products and services [5] Leadership Background - Ed Siaje has 26 years of experience in financial services and has previously led a team providing integrated advice to high-net-worth clients and institutional nonprofits [3] - He has held various leadership roles in financial center operations across more than 280 financial centers [3] - Siaje is actively involved in local community initiatives, serving as chair of the United Way of Southeastern Michigan Board of Directors [4]