Karen Fang Managing Director, Global Head of Sustainable Finance

Karen Fang

Managing Director, Global Head of Sustainable Finance, Bank of America

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Karen Fang is Managing Director, Global Head of Sustainable Finance at Bank of America. She works across Bank of America’s eight lines of business to drive the implementation of its firm-wide sustainable finance strategy and goal of mobilizing and deploying $1.5 trillion in sustainable finance capital by 2030.

Karen is a member of the Bank of America’s Management Committee, Responsible Growth (ESG) Committee, as well as the firm-wide Asian Leadership Council. Formerly, she was the head of Global Fixed Income, Currencies & Commodities (FICC) Cross Asset Trading, and the head of Americas FICC Sales & Solutions prior to that.

Karen is a leader in global net zero and sustainable finance task forces, including the G7 Just Energy Transition Partnership, UN Global Investors for Sustainable Development, Sustainable Markets Initiative, World Economic Forum Net Zero Transition Steering Committee, and the U.S. Steering Council of 1t.org, a public-private partnership to advance reforestation and carbon finance initiatives.  Karen served as a National Board member of the Local Initiatives Support Corporation (LISC), one of the largest Community Development Financial Institutions in the U.S.

Prior to joining Bank of America, Karen was a Managing Director at Goldman Sachs where she was the head of the Pension, Endowment and Foundation Cross Asset Solutions Group. Previously, she held senior positions in derivatives structuring, including at Merrill Lynch in Tokyo and Deutsche Bank in London.

Karen was named one of Fortune’s “40 under 40”and a Young Global Leader by the World Economic Forum (WEF). Karen is featured as one of Crain’s New York Business’s 2023 Notable Leaders in Sustainability and listed on 2022 Notable Women on Wall Street, and a recipient of the 2021 American Banker Most Powerful Women Standout Award, the 2021 Outstanding 50 Asian Americans in Business Award, and Business Insider’s 100 People Transforming Business Award in 2020. Previously, she was chosen by Investment Dealers’ Digest as one of the “40 under 40” bankers and is also a recipient of the Women’s Bond Club of New York’s Rising Star Award.

Karen holds a bachelor’s degree in economics from the University of Tokyo.

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