Bank of America Merrill Lynch has brought in two high-ranking staff to its corporate banking and global treasury solutions (GTS) divisions in Zurich.
Partick Hébert has left JP Morgan after nine years to become BofAML’s new head of corporate banking for Switzerland.
Deane Plummer will become head of GTS sales for Switzerland in September.
Plummer joins the bank from Alcon Pharmaceuticals, where he was Emea treasury manager.
He has also worked at Deutsche Bank and Citi in the past.
David Jackson, BofAML’s head of western European multinational corporate sales for GTS, explains the importance of the treasury department at the bank: “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.”
Manuel Ebner, chief executive officer of Merrill Lynch Capital Markets, adds: “Appointing Patrick and Deane on the ground in Zurich is a 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.”