Karen Sessions was named president of Bank of America Business Capital, succeeding Jeff McLane, who was named U.S. regional commercial credit executive at Bank of America Merrill Lynch.

Sessions will lead an international team of asset-based lenders. With nine primary offices serving the U.S., Canada and Europe, BABC provides corporate borrowers with senior secured loans of $5 million or more, cash management, interest rate and foreign exchange risk management, and an array of capital markets products.

Based in Los Angeles, Sessions began her banking career at Fleet Securities in Boston, a predecessor entity, and brings 20 years of industry experience to this role. She most recently served as the BABC portfolio and underwriting manager for the west region.

Sessions is a member of the Commercial Finance Association and on the organizing committee for the annual Asset-Based Capital Conference.

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BofA Business Capital Appoints Three New Leaders