Bank of America Merrill Lynch (BofA Merrill) has expanded its Global Transaction Services (GTS) business in Canada.
The bank’s GTS team will be led by Hany Naguib, who has over 30 years of experience in the Canadian market.
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In his new role, Naguib will be responsible for driving overall GTS growth, leadership across the GTS team and acting as senior GTS representative to the market, in addition to directly overseeing the bank’s large corporate clients.
BofA Merrill said that its Canadian team will also include a dedicated team of treasury officers focused on serving small to middle market companies, which will be led by Katie Simpson in Toronto.
Paul Simpson, head of GTS at BofA Merrill, said: "We are well positioned to be a leading provider of banking services in Canada. We offer GTS products that are market-leading, combining local service that is fully integrated with our global operations and a complete product suite which is increasingly important to Canadian clients."
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