BofA Names Digital Assets Lead, AI Head in Crypto Push

Bank of America designated Sonali Theisen to lead its global digital assets platform and Kevin Milsom as head of AI transformation. The two will oversee infrastructure development and governance, the bank said. The appointments build on earlier digitization efforts, including cryptocurrency custody and settlement.

The moves place BofA alongside peers like JPMorgan and Goldman Sachs that have carved out dedicated crypto leadership. Pairing the digital assets role with an AI transformation chief suggests the bank sees technology integration as central to its crypto strategy, not an add-on.

BAC holds an AlphaScore of 50, rated Mixed, reflecting a measured step deeper into digital assets while its core business stays in traditional finance.

Theisen and Milsom both report to BofA's technology and operations leadership. No timeline for new product launches was given.