Dega Nalayeh is one among Bank of America’s finest advisors to the ultra-wealthy. She simply bought $ 6.4 billion in consumer belongings and is now climbing Mount Kilimanjaro.

Dega Nalayeh informed Insider that she is at present climbing Mount Kilimanjaro. She does so in honor of her sister, Somali-Canadian journalist Hodan Nalayeh, who was killed throughout a terrorist assault on a lodge in Somalia in July 2019.

Dega Nalayeh and 14 different climbers have to date raised greater than $ 230,000 for the nonprofit Give to Learn to Grow Foundation. Revenue helps underserved communities in Somaliland.

Today – when she just isn’t climbing mountains – she strikes them (figuratively talking) for the ultra-rich. Nalayeh is the CEO and advisor of Bank of America’s non-public financial institution, the place she manages $ 6.4 billion in consumer belongings.

She constructed that e book from scratch, primarily based on confirmed word-of-mouth methods. Her educated networking expertise have additionally been useful, particularly when she met knowledgeable basketball participant with the Atlanta Hawks whose id she couldn’t reveal.

Climbing the best mountain in Africa sounds simple when one thinks of the adversity Nalayeh has confronted. She moved to Canada from Somalia when she was simply 11 years outdated. While her father labored as a parking attendant, she ran a newspaper route as a youngster.

Later, she moved from Georgia to California for her husband. But when Nalayeh joined BofA’s non-public financial institution in 2006, she divorced a two-year-old son.

Nalayeh, 49, informed Insider she doubted her capability to be a rainmaker for the financial institution at a time when she was coping with a divorce and a younger youngster. But in six months, she landed a buyer with excessive web price.

The banker leads a workforce of 13 together with Avi Cohen, a fellow MD and non-public consumer advisor who was as soon as her rival within the financial institution.

Most of their shoppers come from the leisure and media trade, as properly as expertise, actual property and healthcare.

Nalayeh can be centered on discovering extra feminine shoppers, together with these overwhelmed by obligations discovered each at house and within the office.

Business Insider India
HAYLEY CUCCINELLO, AARON WEINMAN

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