Alvaro G. de Molina

MBA '88

Retired Chief Financial Officer; Bank of America

Bio: 

Alvaro G. de Molina began his career in 1979 with Price Waterhouse, and quickly climbed the corporate ladder after receiving his M.B.A. He spent 17 years of his distinguished career at Bank of America, where he was most recently chief financial officer and a member of the bank's Risk and Capital and Management Operating Committees, managing more than $56 billion in revenue and $16.5 billion in earnings in 2005. As CFO, he orchestrated growth strategies for a financial institution that serves more than 55 million consumers with 5,800 banking offices and 16,800 ATMs. While CFO, he was instrumental in completing the $35-billion purchase of MBNA, making Bank of America the nation's largest credit-card issuer. Prior to becoming CFO, he was chief executive officer of Bank of America Securities, and president of their Global Corporate and Investment Bank. The June 2006 issue of Treasury & Risk Management magazine called him a "visionary CFO," and ranked him among the 100 most influential people in finance.

Recognized: June 27, 2007