Ghanaian super businessman Sam Jonah added another star into his high flying career in joining the Bank of America Global Advisory Council.
Bank of America announced the formation of the global advisory council last week which features 13 international businessman, academics and public policy leaders.
The question is: will such an appointment advance broader African interests within the global corporate complex or does it neatly fit into the narrow interests of the African elite?
The founder and chairman, Jonah Capital, is well known in South Africa after spearheading in the mid 2000’s the merger between Anglo Gold and Ghanaian gold major Ashanti to form AngloGold Ashanti. After the merger he became AngloGold Ashanti executive president. He led the integration process together with Bobby Godsell who became CEO before living the company. He now serves on a number of boards including Vodafone, the London based parent company of Vodacom.
Bank of America said the Global Advisory Council will share expertise and insights on the bank’s global engagement and help it further strengthen its worldwide relationships.
It is chaired by the group’s Chief Executive Officer Brian Moynihan. The group said the council will also advise senior bank executives on trends and emerging opportunities in local markets.
“Bank of America has relationships with clients who compete in every region of the globe,” said Moynihan. “We thank our Global Advisory Council leaders for sharing their perspective, experience, and judgment, which will help make us a better partner for the clients we serve.”
The council will hold its inaugural Annual Meeting in Hong Kong in early March.
The full list of members is as follows:
- Bader M. Al Sa’ad (Kuwait), managing director and CEO, Kuwait Investment Authority.
- Donald R. Argus AC (Australia), former CEO, National Australia Bank, and former chairman, BHP Billiton Group.
- Thierry Breton (France), chairman and CEO, Atos S.E.; director on the board of Carrefour S.A.; and former finance minister of France.
- Edson de Godoy Bueno (Brazil), president and CEO, Amil Participacões S.A., and director on the board of UnitedHealth Group.
- Chong-Suk Choi (South Korea), president and CEO, chairman of the board of directors, Korea Investment Corporation.
- The Hon. Kay Bailey Hutchison (USA), former U.S. Senator (R-Texas); former vice-chairman of the National Transportation Safety Board; and advisory board member for the Center for Strategic and International Studies.
- Sir Sam E. Jonah (Ghana), founder and chairman, Jonah Capital (Pty) Ltd.; former executive president, AngloGold Ashanti; and director on the board of Vodafone plc.
- Eijiro Katsu (Japan), former administrative vice minister at Japan’s Ministry of Finance, and former director general at Japan’s Finance Bureau.
- Dr. Jürgen Kluge (Germany), director emeritus, McKinsey & Company, Inc.; former chairman and CEO, Franz Haniel and Cie. GmbH; and director on the board of SMS GmbH.
- Ali Y. Koç (Turkey), executive board member of Koç Holding and chairman of Ford Otosan; and former group president of Corporate Communication and Information Technology, Koç Holding AS.
- Prof. Frederick Ma, GBS, JP (Hong Kong), former secretary for Financial Services and the Treasury and former secretary for Commerce and Economic Development, Hong Kong; director on the boards of Agricultural Bank of China, China Resources Land Ltd, COFCO Corporation, Husky Energy Inc., Hutchison Port Holdings Management Pte. Limited; the trustee-manager of Hutchison Port Holdings Trust; and International Advisory Council member, China Investment Corp.
- Dr. Patrick Soon-Shiong (USA), founder, former chairman and CEO, Abraxis Bioscience; founder of American Pharmaceutical Partners; managing director, California Capital Equity LLC; founder and CEO, Nantworks; and founder and chairman, Healthcare Transformation Institute.
- David Westin (USA), former president and CEO, NewsRight LLC, and former president, ABC News.