Geoffrey Brady has been named Bank of America Merrill Lynch’s head of global trade and supply chain.
He moves from JP Morgan, where he was managing director and Americas region executive in its global trade and loan products division.
At BofAML, where he started yesterday, Brady reports to Hubert JP Jolly, global head of financing and channels, who joined from Citi in June 2017
Brady has more than 20 years of experience in banking and has held management roles in a variety of businesses, including portfolio management and payments, as well as trade finance.
He is BofAML’s first formal global head of trade in almost a year. Percy Batliwalla – who took over from Bruce Proctor when he retired in 2015 – held the position until September last year and then moved to become managing director, strategic initiatives within global transaction services. Jolly has been leading the team in the interim.
At the end of last year the bank announced the expansion of roles for two executives who now report to Brady.
Fiona Deroo took over leading trade product sales specialists (PSS) for North America global commercial banking in addition to her current role leading PSS for North America large corporate. Her title became head of North America trade and supply chain finance product sales.
Lesley McNamara, head of strategy, took on an expanded responsibility as head of global product management, assuming the title of head of global product management and strategy for trade and supply chain finance