Mr Noski will be responsible for all finance functions as well as corporate treasury, global corporate strategy planning and development, investor relations, corporate investments and global principal investments.

Brian Moynihan, Ppresident and chief executive officer at Bank of America, said: “Chuck brings business leadership, financial acumen, and a global perspective after years of experience with some of the world’s most successful brand-name companies across multiple industries.

“On behalf of our management team and associates, I am eager to have him join our team and confident he will fit right in as we continue to build our integrated businesses around serving customers and delivering long-term shareholder value.”

Mr Noski said: “I am honored and excited to be joining Bank of America. Over the years I have watched Bank of America grow into one of the world’s leading financial services companies, and I look forward to working with the management team to build on all that has been accomplished.”