Bank of America Merrill Lynch Builds Swiss Presence With Two Senior Hires

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Bank of America Merrill Lynch (BofA Merrill) has 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 an EMEA treasury manager.

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'.

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