Business News of Monday, 28 January 2013
Source: Daily Graphic
Dr Sam Esson Jonah has been appointed a member of the Global Advisory Council of the Bank of America.
Dr Jonah, founder and chairman of Jonah Capital (Pty) Ltd and former Executive President, Anglogold Ashanti, is the only African among what the bank described as "internationally recognised business, academic and policy leaders who will share expertise and insights into the bank's global engagements and help strengthen its worldwide relationships".
The council, to be chaired by the bank's Chief Executive Officer, Mr Brian Moynihan, "will also advise senior bank executives on trends and emerging opportunities in local markets". The council will be inaugurated in Hong Kong in March, this year.
A statement from the bank named the other members of the council as, Bader M. A1 Sa'ad, (Kuwait), Managing Director and Chief Executive Officer, Kuwait Investment Authority; Donald R. Argus (Australia), former Chief Executive Officer of National Australia Bank and former Chairman BHP Billiton Group; Thiery Breton (France), Chairman and CEO, Atos S.E., as well as the Director on the Board of Carrefour S.A. and former Finance Minister of France; Edson de Godoy Bueno (Brazil) President and CEO, Amil Participacoes S.A. and Director on the Board of United Health Group and Chong-Suk Choi (South Korea). Mr Bueno is also President and CEO, Chairman of the Board of Directors, Korea Investment Corporation.
Others are Kay Bailey Hutchison, former US Senator (R-Texas) and former Vice-Chairman of the National Transportation Safety Board and Advisory Board Member of the Centre for Strategic International Studies; Eijiro Katsu (Japan), former Administrative Vice-Minister at Japan's Ministry of Finance and former Director-General at Japan's Finance Bureau; Dr Jurgen Kluge (Germany), Director Emeritus, Mckinsey & Company, Inc., former Chairman and CEO Franz Haniel and Cie, GmbH, and Director on the Board of SMS GmbH; and Ali Y.Koc, (Turkey), Executive Board Member of Koc Holding and Chairman of Ford Otosan, and former group President of Corporate Communication and Information Technology Koc Holding AS.
The rest are Prof. Frederick Ma (Hong Kong) GBS, JP, former Secretary, Financial Services and the Treasury and former Secretary for Commerce and Economic Development, Hong Kong. He is also the Director on the Boards of Agricultural Bank of China, China Resources Land Ltd, COFCO Corporation, Husky Energy Inc., Hutchison Port Holdings Management Pte Limited, as well as the Trustee-Manager of Hutchison Port Holdings Trust and International Advisory Council Member, China Investment Corporation; Dr Patrick Soon- Shiong,(USA), founder and former Chairman and CEO, Abraxis Bioscience, founder of American Pharmaceutical Partners, Managing Director California Qapital Equity LLC, founder and CEO, Nantworks, and founder and Chairman, Healthcare Transformation Institute and David Westin (USA), as well as former President and CEO, Newsright LLC, and former President, ABC News.
The statement said, "Bank of America has relationships with Clients who compete in every region of the globe" and expressed the gratitude of the CEO, Mr Moynihan, to members of "Global Advisory Council leaders for sharing their perspectives experience and judgement, which will help make us a better partner for the clients we serve."
Dr Sam Jonah, who is the Chancellor of the University of Cape Coast, is also the only African serving on the Board of Vodafone plc.
The Bank of America is one of the world's largest financial institutions, serving individual consumers, small-and middle- market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
The company provides convenience in the United States, serving approximately 53 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking withr30 million active users.
Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
Bank of America offers industry-leading “support to approximately three million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries.
Bank of America Corporation stock (BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.