Bank of America Merrill Lynch (BofA Merrill) has appointed Fernando Vicario to the newly created position of head of corporate banking for emerging markets (ex-Asia). Based in London, he reports to Andrea Orcel, executive chairman, global banking and markets and president of emerging markets (ex-Asia), and Joel Van Dusen, global head of corporate banking coverage.
Vicario brings the required drive and focus to this critical market, building on his experience in northern central and eastern Europe, Middle East and Africa (CEEMEA), Latin America and financial institutions.
Vicario has a wealth of experience gleaned over 22 years in the financial markets. He joined the company in 1995 to head the multinational advisory team in the US and Europe, with responsibility for supporting BofA’s Latin American network when conducting business with US and European multinationals in that region. He then became Europe, Middle East and Africa (EMEA) corporate banking head for corporate clients, and later, EMEA head of global product solutions, before assuming his most recent position of head of corporate banking for financial institutions EMEA and for northern CEEMEA.
The new post has been created because:
- The emerging markets are a key focus for BofA Merrill and to its global corporate banking division.
- Emerging markets bring tremendous opportunities to broaden the bank’s reach and offer clients in all corners of the world a range of solutions across corporate and investment banking, and global markets.
- It is additional evidence of the bank’s focus on the emerging markets, as it recently announced agreements with ADCB and Garanti Bank in the UAE and Turkey, respectively.
- BofA Merrill has recently been granted a license by the central bank of Brazil to offer global treasury solutions to multinational clients in Brazil.
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