Lorna Sabbia is a 29-year veteran with the firm and is currently Head of Workplace Benefits at Bank of America. Lorna is responsible for the Workplace Benefits business which encompasses the capability set to include 401(k), Equity and Health Benefit plans for companies of all sizes, client service and management, plan participant experience, retirement research and insights and distribution.
Prior to this role, Lorna served as Head of Managed Solutions where she led
Merrill’s discretionary and non-discretionary fee-based investment platforms, the global mutual fund and ETF offerings 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 Merrill’s history.
Previously, Lorna was Head of Merrill’s Client Solutions Group, 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 Merrill 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 a member of Bank of America’s management and operating committees, Executive Sponsor of the company’s Global Leaders Sponsorship Program and serves as Market Sponsor for the New Hampshire market. She was a member of Bank of America’s Global Diversity & Inclusion Council for 10 years, including six years as vice chair. She is also Chair Emeritus for the Money Management Institute’s Board of Governors.
Lorna is a member of several organizations including Boston University’s Questrom School of Business Dean’s Global Advisory Board, the Women’s Leadership Board at the Women and Public Policy Program at the Harvard Kennedy School, and the Women Against Alzheimer’s Leadership Council. She serves as a board member for More Than Words, a Boston-based job training and youth development program.
