Bank of America Merrill Lynch Builds Swiss Presence With Two Senior Hires
Newly-Created Leadership Positions for Corporate Banking and Global Treasury Solutions.
- (1888PressRelease) August 16, 2011 - Bank of America Merrill Lynch (BofA Merrill) today announced two new leadership positions in its Zurich-based Corporate Banking and Global Treasury Solutions (GTS) teams.
Patrick Hébert has been appointed head of Corporate Banking for Switzerland. He reports to Manuel Ebner, country executive and CEO of Merrill Lynch Capital Markets AG, and to Heinz Hilger, head of Corporate Banking for Germany, Austria and Switzerland. Hébert has joined BofA Merrill after nine years at J.P. Morgan in Paris, Frankfurt and Zurich, most recently as a corporate banker covering large Swiss corporate and commodity houses.
Deane Plummer has been appointed head of GTS Sales for Switzerland, reporting to David Jackson, head of Western European Multinational Corporate Sales for GTS, and to Beate Murray, head of GTS for Germany, Austria and Switzerland. Plummer joins in September from Alcon Pharmaceuticals Limited, where he was EMEA treasury manager. Prior to that, he worked for Citigroup and Deutsche Bank in various roles.
Commenting on the hires, Ebner said: “Appointing Patrick and Deane on the ground in Zurich is testament to how the Corporate Banking and GTS businesses have developed since the merger of Bank of America and Merrill Lynch. Through their hires, we are offering clients local expertise backed up by global capabilities, which gives our clients a complete range of financial solutions.”
Hilger added: “Global Corporate Banking is one of our company’s highest priorities and Patrick’s appointment complements our existing investment banking offering in Switzerland, allowing us to further develop our integrated client coverage approach. His tremendous experience in the Swiss corporate market will be key to the success of enhancing local corporate relationships.”
On Plummer’s appointment, Jackson said: “Treasury has become a key part of the business management function, executing against financial, risk and business growth goals. Deane’s extensive cash management expertise will be invaluable in helping our clients achieve their financial and treasury goals.”
Murray concluded: “These hires demonstrate the importance of Switzerland to the company, and reinforce our approach of putting people and resources close to clients.”
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,800 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.
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