Bank of America Merrill Lynch (BAML) has announced seven new hires across its global corporate banking platform.
London-based Carole Berndt, head of Europe, Middle East and Africa (EMEA) global treasury services (GTS) and Hong Kong-based Ivo Distelbrink, head of Asia Pacific GTS, both joined the firm from Citibank.
Both hires will report to Joel van Dusen and will be responsible for building BAML’s corporate banking market share in their respective regions by working with global partners to develop and execute strategy for the regional treasury business in their respective regions, including trade finance, treasury sales for multi-nationals, large local corporates and financial institutions, fulfilment and service, technology and operations and product innovations, development and management.
Berndt worked at Citibank for nearly a decade, most recently as global head of client delivery in Hong Kong and New York.
Her previous positions at Citi include regional head of client delivery in Asia Pacific, head of delivery systems and implementation for global transaction services and head of programme management eBusiness, both based in Asia.
“Carole has a wealth of extremely relevant experience gleaned in the US, Asia and EMEA and is ideally placed to lead our global treasury business as we broaden our regional footprint and deepen our global product offering,” says van Dusen.
Two more hires were made in Hong Kong; Tim Fleming, who joins in May as head of Asia Pacific corporate treasury sales and Charles Alexander who will join the firm in June as head of Asia Pacific corporate banking coverage.
From May, Percy Batliwalla will work as head of Asia Pacific financial institutions treasury sales, based in Singapore.
Across the Pacific, Denise Menelly will join in May as chief operating officer, global treasury services, based in New York.
Furthermore, Wayne Scott has been hired as head of EMEA financial institutions, treasury sales, based in London.