Bank of America Corporation, on Friday, announced that Mukesh Ambani would join the Bank of America Global Advisory Council in May.

Mr. Ambani has decided not to seek another term on the bank’s board at its 2013 annual meeting of stockholders, the bank said in a statement. He has served on the board of Bank of America since March, 2011, and became a director prior to the establishment of the Global Advisory Council.

Mr. Ambani, Chairman and Managing Director of Reliance Industries, will join 13 other internationally recognised business, academic and public policy leaders who serve on the global advisory council. — PTI