BofA’s Next CFO Makes Debut Assuring Investors on Risk Profile

For anyone wondering whether Bank of America Corp. would shift its risk-averse tone after its recent shakeup in leadership, the answer is probably not at all.

At his first public appearance after being named the company’s next chief financial officer on Friday, Alastair Borthwick said Bank of America’s longtime mantra of “responsible growth” would be his guiding principle as well.

Alastair Borthwick

Source: Bank of America

“We’re pretty comfortable with our strategy,” Borthwick said Monday at conference sponsored by Barclays Plc. “It is possible we could grow faster if we change our risk appetite,” he said, but “none of us are interested in that.”

Read ...