Spring 2013

Remembering A. W. Clausen

A.W. “Tom” Clausen, long-time supporter and Trustee Emeritus of The Asia Foundation, passed away on Monday, January 21, at the age of 89. Mr. Clausen joined the Foundation’s Board of Trustees in 1990 at the invitation of the Foundation’s then president, Bill Fuller, and served as an active member until becoming a Trustee Emeritus in 2003. Mr. Clausen was a champion of developing countries. During his long banking and public service career, he visited 119 countries and exercised his leadership skills to improve the lives of individuals around the world. Mr. Clausen was the retired Chairman and Chief Executive Officer of Bank of America Corporation and its wholly-owned subsidiary, Bank of America. He joined Bank of America in 1949 and became President and Chief Executive Officer in January 1970. Mr. Clausen left the Bank in the spring of 1981 to become President of The World Bank, a position he held until 1986, when he returned to Bank of America Corporation as Chairman and Chief Executive Officer. He was the recipient of awards from the governments of Italy, Japan, Senegal, South Korea, Spain, and Venezuela.