Bank of America Business Capital (BABC) announced that Karen Sessions has been named President, succeeding Jeff McLane, who was named U.S. Regional Commercial Credit Executive at Bank of America Merrill Lynch.
 
Sessions will lead an international team of asset-based lenders. With nine primary offices serving the United States, Canada and Europe, BABC provides corporate borrowers with senior secured loans of $5 million or more, cash management, interest rate and foreign exchange risk management, and a broad array of capital markets products.

Based in Los Angeles, Sessions began her banking career at Fleet Securities in Boston, a predecessor entity, and brings 20 years of industry experience to this role. She most recently served as the BABC Portfolio and Underwriting Manager for the west region.

Sessions earned a Master of Business Administration from the Kelley School of Business at Indiana University and a Bachelor of Arts degree from Cornell University.  She is a member of the Commercial Finance Association and on the organizing committee for the annual Asset-Based Capital Conference. She also served on the boards of St. Marks School and Vestry of St. Mark’s Episcopal Church as well as the board of the Children’s Center at Caltech.