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The 2016 Fintech Finance 35: Bina Kalola

< Fintech's Most Powerful Dealmakers of 201629. Bina KalolaHead, Financial Technology Investments for Global Banking and MarketsBank of America
Merrill LynchPNR

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 Click below to view profiles
1. Jonathan KorngoldGeneral Atlantic2. Matthew HarrisBain Capital Ventures3. Jane GladstoneEvercore Partners4. James Robinson III & James
Robinson IV
RRE Ventures5. Steven McLaughlinFinancial Technology Partners6. Amy Nauiokas & Sean ParkAnthemis Group
7. Richard Garman &
Brad Bernstein
FTV Capital8. Gerard
von Dohlen
Broadhaven Capital Partners9. Darren CohenGoldman Sachs Group10. Hans MorrisNyca Partners11. Meyer (Micky) MalkaRibbit Capital12. Maria GotschPartnership Fund for New York City
13. Barry SilbertDigital Currency Group14. Jay ReinemannPropel Venture Partners15. Mariano BelinkySantander InnoVentures16. Justin Brownhill & Neil DeSenaSenaHill Partners17. François RobinetAXA Strategic Ventures18. Vanessa ColellaCiti Ventures
19. Michael SchleinAccion International20. Kenneth MarlinMarlin & Associates21. Rumi MoralesCME Ventures22. Alastair (Alex) RampellAndreessen Horowitz23. Steve GibsonEuclid Opportunities24. Fabian VandenreydtSWIFT
25. Vladislav SolodkiyLife.SREDA26. Gardiner Garrard IIITTV Capital27. Nektarios LioliosStartupbootcamp Fintech28. Lawrence WintermeyerInnovate Finance29. Bina KalolaBank of America Merrill Lynch30. Hyder JaffreyFintech Innovation
31. Calvin ChoiAMTD Group32. Janos BarberisFinTech
Hong Kong33. Jalak JobanputraFuture Perfect Ventures34. Sopnendu MohantyMonetary Authority of Singapore35. Oskar Mielczarek
de la Miel
Rakuten
FinTech Fund