Bank of America named Seth Benefield head of Bank of America Business Capital and asset-based financing, succeeding Karen Sessions, who was named head for the Pacific Southwest region of global commercial banking at Bank of America.
Karen Sessions attributes her success in the finance world to refusing to take “no” for an answer. Her career took her to Fleet, Union, Wachovia and Wells Fargo banks before she landed at Bank of America almost five years ago. In November, she was named head of Bank of America Business Capital and Asset-Based Lending. Although she contends she was lucky, her business skills and determination to succeed have propelled her into her current role.
Karen Sessions has been 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.
Bank of America Business Capital made three appointments to help its team continue providing seamless and efficient credit and liquidity management solutions.