Saturday 26 May 2018

BAML names raft of transfers to Dublin

Bank of America Merrill Lynch is to relocate 125 jobs to Dublin as it overhauls its banking business in the UK and Europe in preparation for the UK exit from the EU. Photo: iStock
Bank of America Merrill Lynch is to relocate 125 jobs to Dublin as it overhauls its banking business in the UK and Europe in preparation for the UK exit from the EU. Photo: iStock
Donal O'Donovan

Donal O'Donovan

Bank of America Merrill Lynch (BAML) has named key staff who will move to Dublin ahead of Brexit, to join the bank's new European global banking and markets operations.

Last week, the Irish Independent reported that the global bank is to relocate 125 jobs to Dublin as it overhauls its banking business in the UK and Europe in preparation for the UK exit from the EU.

The bank intends to begin moving employees in July and aims to compete the relocations by the end of the year, ahead of the official Brexit date in early 2019.

Bruce Thompson, vice-chairman, Bank of America and CEO of America Merrill Lynch International Bank, has already moved to Ireland.

Yesterday, in an internal memo he announced appointments to the bank's new EU bank leadership team - including Jennifer Becker, head of international human resources; Rob Cahill, head of global technology and operations; George Carp, chief financial officer; Oliver Geffroy, chief compliance officer and head of operational risk; Antony Jancic, head of wholesale credit; John McIvor, head of international communications and GM&CA, EMEA; Jan Przewozniak: chief risk officer and Manoj Sethi: head of corporate audit.

Of those; George Carp, Oliver Geffroy, Antony Jancic, Jan Przewozniak and Manoj Sethi will relocate to Dublin, where Bruce Thompson and Rob Cahill are already based, the memo said.

"The relocating members of the team will retain their current responsibilities and reporting until the cross-border merger is completed.

"Their appointments remain subject to certain regulatory and other approvals," the memo said.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business