Bank of America Merrill Lynch (BAC) said Monday it expanded its Global Transaction Services or GTS business in Canada on increasing base of its clients doing business in Canada. The GTS team will be led by Hany Naguib, who brings over 30 years of experience in the Canadian market.
BofA Merrill's Canadian-based team will also include a team of treasury officers, to be led by Katie Simpson in Toronto. Other key Canadian-based GTS leaders include Maureen Jarvis, product management; Susan Aparicio, operations; and Alan Keast, technology.
BofA Merrill, which is the largest global financial institution in Canada, has been active in Canada for more than 50 years.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.