BofA picks up Wells Fargo’s head of private cloud engineering, makes him an MD
It’s all the rage for banks to invest in technology. Hundreds of thousands of bank employees are dedicated technologists, and thousands within those groupings are specialists in more cutting-edge, fancy technology such as AI. But the people who support that cutting edge can be just as important to the whole.
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Dhanny Mandil joined Bank of America in New York this week, as a managing director, to head the bank’s infrastructure developer platforms team. He joined BofA from Wells Fargo, where he spent nearly five years, and was most recently global head of private cloud engineering team.
Bank of America’ investment in technology is substantial. According to the bank’s investor day earlier this month, it spent over $100bn on technology in the last decade. Of its $13bn budget in 2025, around $4bn was allocated to “new technology initiatives”, the firm said, including $338m on “data capabilities”, according to emarketer, which presumably would be under Mandil’s domain.
Another big part of its investment is in AI, of course. Speaking to Fortune magazine, BofA’s CTO, Hari Gopalkrishnan, said that it had explored 45 different use cases for GenAI in its business, 15 of which were commercially viable and are currently active.
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