The FINANCIAL — Bank of America Merrill Lynch opened a new office in Rio de Janeiro’s Botafogo district on August 10.
The new office reflects the importance that BofA Merrill places on continuously investing in the quality of its service in the country and beyond. Rio de Janeiro is Brazil’s second economic capital and a concentration of various industries – the largest Brazilian companies in the mining and oil sectors for example, in addition to the major Brazilian pension funds, according to Bank of America.
“This move underscores our unwavering focus on clients and places us in closer proximity to those in Rio de Janeiro,” explains Rodrigo Xavier, country executive of BofA Merrill in Brazil. “Our expanded presence on the east coast is also a testament to our long-term commitment to serving clients in Brazil – and the wider region – with the full scope of our platform,” he added.
BofA Merrill’s vice chairman, Marco Geovanne, heads the new office with the mandate of working closely with clients in the city and surrounding area to further deliver solutions tailored to their unique needs.
Building on the firm’s ability to bring world-class services to the heart of the city, Mauricio Haidar will lead the office’s Global Transaction Services sales activities, providing a full suite of services for which Euromoney magazine named BofA Merrill “The Best Transaction Services House” globally and in Latin America.