Karen Fang

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

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 Bank of America’s Management Committee, Responsible Growth Council and Asian Leadership Council. Previously, 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 forums and taskforces. She serves as co-chair of the Finance and Infrastructure Taskforce for the B20 (the G20 member states’ official dialogue forum with the global business community), as co-chair of the Blended Finance Taskforce for the UN Global Investors for Sustainable Development Alliance and as a member of the G7 Just Energy Transition Partnership, Sustainable Markets Initiative, World Economic Forum (WEF) Net Zero Transition Steering Committee, U.S. Steering Council of, Leadership Council of the Breakthrough Energy Catalyst program and Climate Advisory Council to the Rockefeller Foundation. Karen previously served as a national board member of 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 in New York, where she was the head of the Pension, Endowment and Foundation Cross Asset Solutions Group. Earlier in her career, she held senior positions in derivatives structuring, including at Merrill Lynch in Tokyo and Deutsche Bank in London.

She was named one of Fortune’s “40 under 40”and a Young Global Leader by WEF. She is one of Crain’s New York Business’s 2024 & 2023 Notable Leaders in Sustainability and 2022 Notable Women on Wall Street. Karen received the Global Sustainability Award from the One to World/ Fulbright Scholars community in 2024. Karen is a recipient of the 2021 American Banker Most Powerful Women Standout Award, 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 its “40 under 40” bankers, and she 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.