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The 2016 Fintech Finance 35: Bina Kalola

  • By Peter Vasiliev

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
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

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