Anne Finucane is an American banker who is vice chair of Bank of America. She leads the bank's environmental, social and corporate governance committee. She has worked in the banking industry since 1995, when she joined Fleet Financial, which later merged with the short-lived BankBoston to become part of Bank of America. She is a powerful woman in banking, and she serves on the boards of several organizations. She lives in Lincoln, Massachusetts.
Early life and education
Finucane was born to an Irish-American family, and raised as the fourth of six children in Newton, Massachusetts. The lineages of both her parents trace back to County Cork. Her father, William, was a lawyer who worked for the Boston Patriots and local banks. Her mother, Mary, was a homemaker and distant relative of Tip O'Neill. Finucane was friends with one of Robert Q. Crane's daughters, and Crane introduced Finucane to the then Mayor of Boston, Kevin White. Following completion of her studies at the University of New Hampshire, Finucane worked in the mayor's arts office.
Career in banking
Finucane entered the banking industry when she joined Fleet Financial in 1995, serving as head of corporate affairs and marketing. She worked to improve the bank's reputation following a subprime lending crisis, and helped in company acquisitions. Fleet Financial later merged with BankBoston, then Bank of America. Finucane became FleetBoston Financial's executive vice president for corporate marketing and communications. She was Bank of America's global chief strategy and marketing officer after the financial crisis of 2007–2008 when the bank lost 55% of its value, "symboliz all that was wrong" with US banks. She became the company's vice chair in 2015. Finucane also chairs the company's environmental, social and corporate governance committee, leads customer analytics, global marketing, and public policy strategies, and chairs the Bank of American Charitable Foundation. According to American Banker, she works with the White House and the World Economic Forum. In mid-2017, Finucane was reportedly considered for Uber's vacant chief executive officer position, following the resignation of Travis Kalanick. In September 2017, she led the Bank of America's European bank board.
Recognition
Finucane ranked sixth on Boston list of "The 100 Women Who Run This Town" in 2010. She has ranked highly on lists of influential American women, including American Banker "most powerful women" lists in 2015, 2016, and 2017, and Fortune "most powerful women" list, on which she ranked 50th in 2016 and 2017. Finucane was included in PRWeek 2013 "Power List", and ranked number 20 in Forbes 2014 list of "50 Most Influential CMOs" in the world. Other honors include induction into the Academy of Distinguished Bostonians by the Greater BostonChamber of Commerce, and a Matrix Award from the Association for Women in CommunicationsNew York affiliate, both in 2013. Additionally, she was honored by the Roman Catholic Archdiocese of Boston's Planning Office for Urban Affairs for her "commitment and work in the name of social justice" in 2017.
