Bank of America Merrill Lynch has announced the appointment of Carole Berndt as regional treasury executive for Europe, the Middle East and Africa (EMEA). This follows the recent appointment of Ivo Distelbrink to the parallel role in Asia and is part of the company’s international expansion plan. Berndt is based in London and reports to Joel van Dusen, deputy head of Global Corporate Banking.
Working alongside her US and Asia-based partners, Berndt is responsible for developing and implementing the integrated strategy for the company’s EMEA treasury business. She will also play a leading role in delivering an integrated global corporate banking plan in conjunction with her debt, trade and other partners, for building market share in the region.
“The opportunities that have arisen through Bank of America and Merrill Lynch combining forces, are nowhere more prevalent than in the international corporate banking space,” said van Dusen. “The merger had a tremendous impact on the group’s client reach and the company is now, more than ever, able to compete for greater market share in Asia, western Europe, the emerging markets as well as globally.
“Carole has a wealth of extremely relevant experience gleaned in the US, Asia and EMEA and I believe is ideally placed to lead our global treasury business as we broaden our regional footprint and deepen our global product offering.”
Berndt joins Bank of America Merrill Lynch from Citibank where she worked for nine years, most recently as global head of client delivery in Hong Kong and New York. Her previous positions at Citi include Asia Pacific regional head of client delivery; head of delivery systems and implementation for global transaction services, Asia; and head of programme management, eBusiness, Asia.
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