Mukesh Ambani named BoA director

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New York: Reliance Industries chairman Mukesh Ambani has been appointed as a director on board of Bank of America — the first non-American on the board of the one of the largest financial institutions in the world.

“BofA’s shareholders will benefit from the global perspective Ambani brings to our board. He has demonstrated expertise in risk management and strategic planning across a diverse range of businesses, including energy, information and communications technology, and retail networks,” BofA chairman Charles O Holliday Jr. said in a statement.

Ambani is a member of the Indian Prime Minister’s Council on Trade and Industry. Among others, he is a member of the Indo-US CEOs Forum, the co-chair of the Japan-India Business Leader’s Forum, and India-Russia CEO Council.

The business tycoon also serves on the Foundation Board of the World Economic Forum.

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