Bank of America (NYSE:BAC) announced that Chief Technology and Information Officer Aditya Bhasin will retire after more than 20 years at the bank. He will be succeeded by Hari Gopalkrishnan, according to an internal memo seen by Reuters.
Bhasin, a member of the bank’s executive management team, has held key leadership roles in technology, marketing, and other areas. Following his retirement, he plans to advise and invest in mid-sized companies, leveraging his decades of expertise in financial technology and innovation.
Gopalkrishnan, who joined Bank of America in 2011 from Citigroup (NYSE:C), has extensive experience in managing large-scale technology initiatives. His appointment underscores the bank’s continued focus on digital transformation and innovation to meet evolving client needs.
Bank of America has significantly increased technology investments in recent years, with more than 59 million active digital users and over 7,800 patents filed. A key milestone in its digital strategy is the AI-driven virtual assistant Erica, launched in 2018, which has facilitated more than three billion client interactions to date.
The leadership transition highlights Bank of America’s push to enhance customer experience through artificial intelligence, mobile banking, and digital solutions. As the financial industry rapidly adopts emerging technologies, Gopalkrishnan is expected to play a central role in advancing the bank’s competitive edge in digital banking and fintech innovation.
This change comes amid broader industry trends where major banks are prioritizing AI, mobile services, and secure digital platforms to serve a growing online customer base and drive long-term growth.


American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Instagram Outage Disrupts Thousands of U.S. Users
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 



