Bank of America appoints new country executive for South Africa

  • Stock Market News
Bank of America appoints new country executive for South Africa
Credit: © Reuters.

Bank of America Corp. (NYSE: BAC ) has announced the appointment of Anthony Knox as the new country executive for South Africa, effective from Jan. 1. Knox will succeed Richard Gush, who is set to take on a new role as international vice chair based in London.

Knox, with his extensive background in the financial sector, has previously held positions at Standard Bank Group Ltd. (JO: SBKJ ) and BNP Paribas (EPA: BNPP ) SA (OTC: BNPQY ). His track record includes advising on significant transactions such as the Bidvest Group Ltd.'s (JO: BVTJ ) acquisition of Consolidated Property Services and Sasol (JO: SOLJ ) Ltd.’s (NYSE: SSL ) sale of their interest in the Lake Charles base chemicals.

The leadership transition comes as Bank of America continues to deliver a broad range of services in South Africa, the continent's most developed economy, which includes equities services as well as investment and corporate banking.

The bank confirmed the upcoming leadership changes without additional commentary. Knox's appointment is part of the bank's strategy to strengthen its position in key markets, leveraging his experience and expertise to drive growth and client relationships in the region.

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