Yet nothing could have prepared analysts and investors for Mr de Molina’s appointment in April as president of BofA’s global corporate and investment bank: everyone (including he himself) had thought he was more in line for a CFO role.
But he was one of CEO Ken Lewis’s trusted right-hand men, making him the right man for the right job at the right time. Speculation has it Mr Lewis also wanted to try him out running a business unit, a key experience if Mr de Molina is to make it to the top spot at the Charlotte, North Carolina-based bank.
