Bank of America Merrill Lynch Expands Transaction Services Offering in Canada

Bank of America Merrill Lynch will launch its Global Transaction Services (GTS) business in Canada.

The bank will offer credit, trade finance, investment banking and foreign exchange. It will also provide transaction services, from liquidity and investment services.

The GTS team will be led by Hany Naguib. The former head of Canada sales, Global Treasury Solutions at Bank of America Merrill Lynch will be responsible for driving overall GTS growth, in addition to directly overseeing the bank’s large corporate clients. The team will also include a team of treasury officers focused on serving small to middle market companies, to be led by Katie Simpson in Toronto.

“The enhancement of our GTS business is just the latest example of our firm’s focus on helping our clients conduct business in Canada,” said Adam Howard, Canada country executive. “We are a diversified wholesale financial institution in Canada, providing investment and corporate banking services, as well as global markets products, to our clients.”