James Mahoney, a senior Bank of America executive and former chief spokesman for the Federal Reserve Bank of Boston, died from injuries sustained in a biking accident a year ago. He was 67.
The longtime cyclist suffered a major head injury in July 2019 and died Saturday in his Newton home, The Boston Globe reported.
Mahoney spent the past 25 years at BofA and its predecessor, FleetBoston, most recently as executive vice president and global corporate strategy and public policy executive.
Prior to his time with Boston Fed, Mahoney worked in politics, first as a volunteer for the 1980 presidential campaign of Jerry Brown and then as an aide and spokesman for U.S. Rep. Joseph P. Kennedy II of Massachusetts.
“Jim was one of those people who just made us better than we otherwise would be; he had a sense of the outside in, reading a situation as few could and ushering us through big opportunities as well as difficult times with wisdom, humor and great thinking. He led by standing with you,” CEO Brian Moynihan said.
BofA Vice Chair Anne Finucane said Mahoney did his best work in times of crises and that he flourished at the intersection of public policy, politics and news.
In a statement to personnel that the bank shared with Banker & Tradesman, Mahoney was noted for conceiving BofA’s initial $25 billion Environmental Business Initiative in 2007. He worked with Finucane and other bank leaders on the sustainability initiative.
Material from The Associated Press was used in this report.