Lorna Sabbia is a 24-year veteran with the firm and is currently Head of Retirement & Personal Wealth Solutions at Bank of America. Lorna is responsible for both the institutional and personal retirement capability set to include 401(k), Equity and Health Benefit plans for companies of all sizes as well as college savings, personal retirement planning, retirement income, insurance and estate planning for individuals.
Prior to this role, Lorna served as Head of Managed Solutions where she led the discretionary and non-discretionary fee-based investment platforms, the global mutual fund and ETF offerings across all channels, and relationship management with third-party investment partners. In addition, she drove the creation and implementation of Merrill Lynch One, the largest and most successful launch of an investment advisory platform in our firm’s history.
Previous to this position, Lorna was Head of the Client Solutions Group, leading all Investments & Wealth Management and Wealth Structuring specialists and support desks, the Portfolio Strategies Desk, Annuity and Life Insurance Product management, in addition to the management of investment partner and insurance carrier relationships.
Before joining the Client Solutions Group, Lorna was Head of Sales and Marketing for Merrill Lynch Trust Company (now part of Bank of America Private Bank), and from 2002 to 2006, she served as National Sales Manager for Merrill Lynch Investment Managers. She began her career at the company as a specialist for nearly eight years in two divisions, New York and New England, across three different disciplines.
Lorna earned a Bachelor of Science degree in Business Administration from Boston University. She is Executive Sponsor of the company’s Diverse Leader Sponsorship Program, Co-Chairs the firm’s Global Diversity & Inclusion Council, and serves as Market Sponsor for the Knoxville market. In 2013, she was named to the “10 to Watch” list by REP. Magazine. She is also Chair Emeritus for the Money Management Institute’s Board of Governors.
Lorna is a member of the Women Against Alzheimer’s Leadership Council, the World Dementia Council, and the business development committee for More Than Words, a Boston-based job training and youth development program. She also serves on the Executive Advisory Council of the Pat Summitt Leadership Group.