Milton H. Jones, Jr.
As former Georgia Market President, Mr. Jones was the ranking executive publicly to customers and communities for an institution with more than $12 Billion in retail deposits, 155 Branches, 7,000 associates in the Atlanta area, responsible for promoting the brand and integrating and delivering the company’s resources to communities and customers. Mr. Jones actively called on Fortune 500 companies in the Atlanta market to drive revenues.
As former Global Finance Services Group Executive, Mr. Jones led the transformation of Bank of America’s CFO organization while managing daily operations through a team of more than 1,200 professionals in ten primary locations in the USA, UK, Europe and Asia. The transformation includes design and development of the largest holistic finance operating platform in the Financial Services Industry, creation and growth of a Finance Knowledge Center in India and integration of acquired Companies’ finance Platforms. In addition, he is responsible for managing over $16 Billion in Managed Corporate Sourcing through his Supply Chain Management organization. This frequently involves personal interaction and negotiations with CEO’s and COO’s of Fortune 100 Companies. His Enterprise Services Group manages vendor relationships and sources goods and services such as travel, dining, business events and supplies for more than 300,000 associates in over 35 countries.
Mr. Jones was Global Quality and Productivity Executive, reporting directly to the CEO, where for three years he led the Company’s highly effective quality and six-sigma process engineering initiatives. Under his leadership this program produced over $3 billion dollars in productivity value and more than 40,000 six-sigma certifications and was touted in the Company’s Annual Report and a number of national publications. Mr. Jones, a Six-Sigma Black Belt, consulted and met with a number of CEO’s and Senior Executives of European Banks and China Construction Bank on improving Customer Quality and Process productivity.
As Mid-South Region President, Mr. Jones directly managed Consumer, Commercial, Premier and Small Business Banking sales and operations for Georgia and Tennessee. Under his leadership, the region was recognized as the most improved in the Company’s “President’s Cup” balanced scorecard process, moving from 6th to 2nd in one year. The region had more than 200 Banking Centers, $15 Billion in deposits and $10 Billion in loans. In this role he also managed Innovation and Development Companywide and was the topic of a Harvard Business School Case Study and an HBR Article.
Prior to that, Mr. Jones was President of the Dealer Financial Services Group, one of the largest bank providers of financing for the automotive, RV and marine industries. This group received and decisioned thousands of loan applications per month from Dealers across the US. Hugh McColl, CEO of NationsBank, recognized the sales performance and financial turnaround of this group under Mr. Jones’ leadership with a “Crystal Letter” from his leadership team. This is the only time an award of this type was given.
Previously, Mr. Jones held senior executive roles in the Finance organization, as Senior Finance Executive for Technology & Operations and the General Bank. He was Executive Vice President and Group Manager of Finance and Administration for the Georgia bank, and served in a number of roles related to financial planning and asset liability information and analysis.
Mr. Jones was a Policy Committee Member for three years. This is the most senior management committee in the company. Mr. Jones was a member of the Management Operating Committee from its inception in 1999 to present. Initially, this committee included the CEO, his direct reports and 15 Key Line and Staff Officers. It now includes the top 1% of the Banks Leaders. Mr. Jones was also a member of a number of key Bank of America Risk and Operating Management Committees. Mr. Jones was awarded Bank of America’s most premier award – The Crystal Grenade in 1992.
Mr. Jones holds a BBA Degree in Accounting from the University of Notre Dame. In 1997, he received the National Association of Black Accountants Career Achievement Award. He was previously named as a Black Alumni Exemplar for the University of Notre Dame and received the prestigious Frazier T. Thompson Career Achievement Award. He also taught Balance Sheet Capital Management at the Colorado Graduate School of Management in the summers of 1982 and 1983. Mr. Jones is a certified six sigma black belt.
Mr. Jones chairs The Board of Trustees of Meharry Medical College in Nashville, Tenn., is Chairman and President of the 100 Black Men of Atlanta, is Audit Committee Chair and Director for the United Negro College Fund Board, and serves on the Executive Committee of the Metro Atlanta YMCA and the Commerce Club. He is also a member of Boards of The Buckhead Coalition, Woodruff Arts Center and the Georgia Research Alliance.