Mary Ann Lowney

Mary Ann joined Raymond James Trust after retiring from a 30-year career at Bank of America, most recently serving as the compliance and operational risk executive for the private bank. In this role at Bank of America, Mary Ann led a national team of risk professionals executing independent oversight of the private bank’s activities, including its personal and philanthropic fiduciary businesses. In this role, Mary Ann was responsible for the compliance and operational risk framework for conflicts of interest across Merrill Lynch and the private bank, and the bank’s insider lending (Regulation O) compliance program.

Mary Ann’s prior roles as an estate planning attorney, trust counsel and chief fiduciary risk executive led to a passion for operational risk excellence and experiences with all manner of risk management, corporate governance and control framework development. Throughout the course of her career, Mary Ann and her team served as the lead risk contacts for state and federal regulatory exams of the bank’s fiduciary businesses. As a leader in both acquired and acquiring bank trust departments, Mary Ann played a key role in rationalizing strategy, product sets and processes, including common trust funds, donor-advised funds, specialty asset management and tax services. Mary Ann has spoken about current fiduciary topics at Fiduciary Risk Management Association (FIRMA) conferences.

Mary Ann earned her bachelor's degree from Boston College and her law degree from Boston University. She serves on the executive committee of the Council for Women of Boston College. Mary Ann and her husband, Matt Mahoney, live in Boston, Massachusetts with their family, and are avid Maine skiers.