< Fintech's Most Powerful Dealmakers of 2016

29. Bina Kalola
Head, Financial Technology Investments for Global Banking and Markets
Bank of America
Merrill Lynch
PNR

As of early 2015, Bina Kalola filled two roles at Bank of America Merrill Lynch: head of global e-trading market structure strategy (ranking No. 16 on Institutional Investor’s 2015 Trading Technology 40) and head of global equities strategic direct investments. Since then she has off-loaded market structure and is now fully engaged in the corporate venture capital function, but with a longer title. “We’re looking at all the start-up and early-stage companies that are focused on all of our institutional businesses,” says Kalola, 47, the New York–based head of financial technology investments for global banking and markets. Managing BofA Merrill’s stakes in such companies as Bats Global Markets, Markit (now IHS Markit), and Tradeweb Markets is in keeping with Kalola’s lifelong interest in entrepreneurship and technological innovation. All investments have to have a strategic tie back to the bank. “The head of commercial banking may want us to look at artificial intelligence for his group,” she explains. Once an investment prospect is identified, Kalola guides it into the bank and informs all who might benefit from an introduction to it. The top technologies of interest these days, she says, are big data and analytics, including artificial intelligence. Also registering are natural-language processing, speech recognition, and blockchain. Kalola is or has been on boards of such BofA Merrill Lynch investments as messaging platform Symphony Communication Services, data analytics company Context Relevant, and Goldman Sachs Group trading technology spin-off REDI Holdings, which Thomson Reuters is acquiring. Kalola, a 1991 Barnard College graduate (with a BA in global economics), earned a JD from Georgetown University and went into corporate law. After co-founding a dot-com start-up, she joined Merrill Lynch & Co. in 2001 as an assistant general counsel responsible for M&A and structuring joint ventures.

 
The 2016 Fintech Finance 35

1. Jonathan Korngold General Atlantic 2. Matthew Harris Bain Capital Ventures 3. Jane Gladstone Evercore Partners Building Resilient Portfolios: Infrastructure’s Strategic Advantage Sponsored by IFM Investors May 9, 2025 4. James Robinson III & James Robinson IV RRE Ventures 5. Steven McLaughlin Financial Technology Partners 6. Amy Nauiokas & Sean Park Anthemis Group

7. Richard Garman & Brad Bernstein FTV Capital 8. Gerard von Dohlen Broadhaven Capital Partners 9. Darren Cohen Goldman Sachs Group 10. Hans Morris Nyca Partners 11. Meyer (Micky) Malka Ribbit Capital 12. Maria Gotsch Partnership Fund for New York City

13. Barry Silbert Digital Currency Group 14. Jay Reinemann Propel Venture Partners 15. Mariano Belinky Santander InnoVentures 16. Justin Brownhill & Neil DeSena SenaHill Partners 17. François Robinet AXA Strategic Ventures 18. Vanessa Colella Citi Ventures

19. Michael Schlein Accion International 20. Kenneth Marlin Marlin & Associates 21. Rumi Morales CME Ventures 22. Alastair (Alex) Rampell Andreessen Horowitz 23. Steve Gibson Euclid Opportunities 24. Fabian Vandenreydt SWIFT

25. Vladislav Solodkiy Life.SREDA 26. Gardiner Garrard III TTV Capital 27. Nektarios Liolios Startupbootcamp Fintech 28. Lawrence Wintermeyer Innovate Finance 29. Bina Kalola Bank of America Merrill Lynch 30. Hyder Jaffrey Fintech Innovation

31. Calvin Choi AMTD Group 32. Janos Barberis FinTech Hong Kong 33. Jalak Jobanputra Future Perfect Ventures 34. Sopnendu Mohanty Monetary Authority of Singapore 35. Oskar Mielczarek de la Miel Rakuten FinTech Fund