Anne Finucane (born 1952) is an American banker who is
vice chair of
Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
and chair of the board of Bank of America Europe. She leads the bank's
socially responsible investing
Socially responsible investing (SRI), social investment, sustainable socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about social ...
, global
public policy
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public p ...
, and
environmental, social and corporate governance
ESG (environmental, social, and corporate governance) data reflect the negative externalities (costs to others) caused by an organization with respect to the environment, to society and to corporate governance.
ESG data can be used by investor ...
committee. She has worked in the banking industry since 1995, when she joined
Fleet Financial
FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America.
History ...
, which later merged with the short-lived
BankBoston
BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by Fleet Bank in 199 ...
to become part of Bank of America. She serves on the boards of several organizations. She lives in
Lincoln, Massachusetts
Lincoln is a town in Middlesex County, Massachusetts. The population was 7,014 according to the 2020 United States Census, including residents of Hanscom Air Force Base that live within town limits. The town, located in the MetroWest region o ...
.
Early life and education
Finucane was born to an
Irish-American
, image = Irish ancestry in the USA 2018; Where Irish eyes are Smiling.png
, image_caption = Irish Americans, % of population by state
, caption = Notable Irish Americans
, population =
36,115,472 (10.9%) alone ...
family, and raised as the fourth of six children in
Newton, Massachusetts
Newton is a city in Middlesex County, Massachusetts, United States. It is approximately west of downtown Boston. Newton resembles a patchwork of thirteen villages, without a city center. According to the 2020 U.S. Census, the population of Ne ...
.
The lineages of both her parents trace back to
County Cork
County Cork ( ga, Contae Chorcaí) is the largest and the southernmost county of Ireland, named after the city of Cork, the state's second-largest city. It is in the province of Munster and the Southern Region. Its largest market towns are ...
.
Her father, William, "was general counsel to the
Boston Patriots
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most ...
and local banks. Her mother, Mary, was a homemaker and distant relative of
Tip O'Neill
Thomas Phillip "Tip" O'Neill Jr. (December 9, 1912 – January 5, 1994) was an American politician who served as the 47th speaker of the United States House of Representatives from 1977 to 1987, representing northern Boston, Massachusetts, as ...
.
[ 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
The University of New Hampshire (UNH) is a public land-grant research university with its main campus in Durham, New Hampshire. It was founded and incorporated in 1866 as a land grant college in Hanover in connection with Dartmouth College, mo ...
, Finucane worked in the mayor's arts office.[
]
Career in banking
Finucane entered the banking industry when she joined Fleet Financial
FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were converted to Bank of America.
History ...
in 1995, serving as head of corporate affairs and marketing.[ She worked to improve the bank's reputation following a ]subprime lending
In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. Historically, subpri ...
crisis, and helped in company acquisitions.[ Fleet Financial later merged with ]BankBoston
BankBoston was a bank based in Boston, Massachusetts, which was created by the 1996 merger of Bank of Boston and BayBank. One of its predecessor banks started in 1784, but the merged BankBoston was short-lived, being acquired by Fleet Bank in 199 ...
, then Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
.[ 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
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...
when the bank lost 55% of its value, "symboliz ngall that was wrong" with US banks.
She became the company's vice chair in 2015. Finucane co-chairs the company’s sustainable markets committee, chairs the environmental, social and corporate governance
ESG (environmental, social, and corporate governance) data reflect the negative externalities (costs to others) caused by an organization with respect to the environment, to society and to corporate governance.
ESG data can be used by investor ...
committee, leads customer analytics
In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for ...
, global marketing
Global marketing is defined as “marketing on a worldwide scale reconciling or taking global operational differences, similarities and opportunities in order to reach global objectives".
Global marketing is also a field of study in general busin ...
, and public policy
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public p ...
strategies, and chairs the Bank of American Charitable Foundation. According to ''American Banker
''American Banker'' is a Manhattan-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, with an online edition continuing to be updated. The first issue of ...
'', she works with the White House
The White House is the official residence and workplace of the president of the United States. It is located at 1600 Pennsylvania Avenue NW in Washington, D.C., and has been the residence of every U.S. president since John Adams in 1800. ...
and the World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...
.
In mid-2017, Finucane was reportedly considered for Uber
Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), package ...
's vacant chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
position, following the resignation of Travis Kalanick
Travis Cordell Kalanick (; born August 6, 1976) is an American businessman best known as the co-founder and former chief executive officer (CEO) of Uber. Previously he worked for Scour, a peer-to-peer file sharing application company, and was th ...
. In September 2017, she led the Bank of America's European bank board.
Recognition
Finucane ranked sixth on ''Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...
'' list of "The 100 Women Who Run This Town" in 2010.[ She has ranked highly on lists of influential American women, including '']American Banker
''American Banker'' is a Manhattan-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, with an online edition continuing to be updated. The first issue of ...
'' "most powerful women" lists in 2009, 2011–2012, and 2014–2017,
''Fortune
Fortune may refer to:
General
* Fortuna or Fortune, the Roman goddess of luck
* Luck
* Wealth
* Fortune, a prediction made in fortune-telling
* Fortune, in a fortune cookie
Arts and entertainment Film and television
* ''The Fortune'' (1931 film) ...
'' "most powerful women" lists between 2016 and 2020,[
and '']Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
'' " most powerful women" lists in 2019 and 2020.
Finucane was included in ''PRWeek
''PRWeek'' is a trade magazine for the public relations industry. The original UK edition was the brainchild of the late Geoffrey Lace who at the time worked for Haymarket. After failing to interest Haymarket in his idea he left to launch it on ...
'' 2013 "Power List", and ranked number 20 in ''Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
'' 2014 list of "50 Most Influential CMOs" in the world. She was named to Barron's 100 Most Influential Women in U.S. Finance list in 2021. In 2019, Finucane was inducted into the American Advertising Federation
The American Advertising Federation (AAF), headquartered in Washington, D.C., is the oldest national advertising trade association in the United States. The AAF also has 15 district operations, each located in and representing a different region o ...
's Advertising Hall of Fame The Advertising Hall of Fame, operated by the American Advertising Federation (AAF), began in 1948 as a result of a proposal by the New York Ad Club and its president, Andrew Haire, to the Advertising Federation of America, the predecessor organiza ...
. Other honors include induction into the Academy of Distinguished Bostonians by the Greater Boston Chamber of Commerce, and a Matrix Award
Matrix most commonly refers to:
* ''The Matrix'' (franchise), an American media franchise
** ''The Matrix'', a 1999 science-fiction action film
** "The Matrix", a fictional setting, a virtual reality environment, within ''The Matrix'' (franchis ...
from the Association for Women in Communications
The Association for Women in Communications (AWC) is an American professional organization for women in the communications industry.
History
Theta Sigma Phi
The Association for Women in Communications began in 1909 as Theta Sigma Phi (), an ho ...
New York affiliate, both in 2013. Additionally, she was honored by the Roman Catholic Archdiocese of Boston
The Archdiocese of Boston ( la, Archidiœcesis Bostoniensis) is a Latin Church ecclesiastical territory or archdiocese of the Catholic Church located in the New England region of the United States. Its territorial remit encompasses the whole of ...
's Planning Office for Urban Affairs for her "commitment and work in the name of social justice" in 2017.[
Finucane was selected for the inaugural 2021 Forbes 50 Over 50; made up of entrepreneurs, leaders, scientists and creators who are over the age of 50.
]
Personal life
Finucane is married to the journalist Mike Barnicle
Michael Barnicle (born October 13, 1943) is an American print and broadcast journalist, and a social and political commentator. He is a senior contributor and the veteran columnist on MSNBC's '' Morning Joe''. He is also seen on NBC's ''Today Sh ...
, who has three children from another marriage; the couple have four adult children of their own, and live in Lincoln, Massachusetts
Lincoln is a town in Middlesex County, Massachusetts. The population was 7,014 according to the 2020 United States Census, including residents of Hanscom Air Force Base that live within town limits. The town, located in the MetroWest region o ...
.[ In 2012, '']Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...
'' magazine included Finucane and Barnicle in a list of the city's "power couples". Finucane has been on the boards of The American Ireland Fund
The American Ireland Fund (DBA The Ireland Funds America), is a tax-exempt organization incorporated under the laws of the United States and has been determined by the IRS to be a public charity under section 501(c)(3) of the Internal Revenue Code, ...
, Brigham and Women's Hospital
Brigham and Women's Hospital (BWH) is the second largest teaching hospital of Harvard Medical School and the largest hospital in the Longwood Medical and Academic Area, Longwood Medical Area in Boston, Massachusetts. Along with Massachusetts Gener ...
, Carnegie Hall
Carnegie Hall ( ) is a concert venue in Midtown Manhattan in New York City. It is at 881 Seventh Avenue (Manhattan), Seventh Avenue, occupying the east side of Seventh Avenue between West 56th Street (Manhattan), 56th and 57th Street (Manhatta ...
, CVS Health
CVS Health Corporation (previously CVS Corporation and CVS Caremark Corporation) is an American healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provi ...
(since January 2011),[ the ]International Center for Journalists
International Center for Journalists (ICFJ) is a non-profit, professional organization located in Washington, D.C., United States, that promotes journalism worldwide. Since 1984, the International Center for Journalists has worked directly with m ...
, the John F. Kennedy Presidential Library
The John F. Kennedy Presidential Library and Museum is the presidential library and museum of John Fitzgerald Kennedy (1917–1963), the 35th president of the United States (1961–1963). It is located on Columbia Point in the Dorchester neighbor ...
, Boston Public Library Foundation and Museum of Fine Arts, Boston
The Museum of Fine Arts (often abbreviated as MFA Boston or MFA) is an art museum in Boston, Massachusetts. It is the 20th-largest art museum in the world, measured by public gallery area. It contains 8,161 paintings and more than 450,000 works ...
, the John F. Kennedy Library Foundation, Partners HealthCare
Mass General Brigham (MGB) is a Boston-based non-profit hospital and physician network that includes Brigham and Women's Hospital (BWH) and Massachusetts General Hospital (MGH), two of the nation's most prestigious teaching institutions. It was f ...
, and the Special Olympics
Special Olympics is the world's largest sports organization for children and adults with intellectual disabilities and physical disabilities, providing year-round training and activities to 5 million participants and Unified Sports partners in 1 ...
. She is a member of the Council on Foreign Relations
The Council on Foreign Relations (CFR) is an American think tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, mi ...
,[ and has been president of the Massachusetts Women's Forum.][
]
References
External links
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{{DEFAULTSORT:Finucane, Anne
American people of Irish descent
American women bankers
American bankers
American women in business
Bank of America people
Living people
People from Boston
People from Lincoln, Massachusetts
People from Newton, Massachusetts
University of New Hampshire alumni
1952 births
21st-century American women