Bank of America Names Sonali Theisen to Lead Digital Assets Platform

Bank of America BAC has appointed Sonali Theisen to lead its global digital assets platform, the bank said. Theisen, who already runs electronic trading and strategic investments in the bank's fixed-income and currency business, will oversee the blockchain infrastructure, including tokenized deposits and stablecoins.

The bank separately named Kevin Milsom to lead artificial intelligence transformation across its global markets division. Milsom is responsible for expanding AI use in trading operations and data analysis.

Large banks are increasing spending on blockchain and AI technologies, the bank said. The appointments are part of a broader focus on practical blockchain applications, including tokenization and settlement.