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Press release from Business Wire

Bill Borden and Dennis Sweeney to Join Bank of America Merrill Lynch Global Transaction Services Business

Tuesday, August 07, 2012

Bill Borden and Dennis Sweeney to Join Bank of America Merrill Lynch Global Transaction Services Business09:02 EDT Tuesday, August 07, 2012 NEW YORK (Business Wire) -- In a continued move to invest in the build out of its Global Transaction Services business, Bank of America Merrill Lynch today announced two senior appointments. Bill Borden has been named managing director and head of North America Product Solutions and Dennis Sweeney has been named managing director and a Treasury Solutions Executive. They will both join in September and be based in New York. “Bill is a dynamic leader with more than 28 years of experience in financial services, sales and consulting. His deep knowledge of the U.S. transaction banking market and track record of successfully developing and implementing growth strategies will be key to deepening the product solutions we offer our clients,” said Paul Simpson, head of Global Transaction Services for Bank of America Merrill Lynch. “After nearly 30 years as a client of treasury sales groups and corporate banking relationship managers like ours, Dennis possesses intimate knowledge of the role that information plays within a treasury group and within a bank,” commented Simpson. As head of North America Product Solutions, Borden willmanage the North America Product Sales teams that cut across Global Corporate Banking, Global Commercial Banking and Business Banking. He was most recently with Citigroup, where he was responsible for leading the team focused on developing Cash Management and Securities Fund Services relationships with U.S. state and local governments. As a Treasury Solutions Executive, Sweeney will work closely with various teams and global product leaders toprovide senior finance executives at Bank of America Merrill Lynch's largest global clients with advice, expertise, best practices and trends related to their treasury platforms. He waspreviously withGeneral Electric for 20 years, most recently as Deputy Treasurer, where he created a Treasury consulting group that integrated acquisitions, conducted Treasury reviews of existing business operations, identified best practices and implemented new technology. While with GE, Sweeney launched the first web-enabled Treasury workstation in the industry and led the drive to open the SWIFT network to corporate Treasury users. Bank of America Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 56 million consumer and small business relationships with approximately 5,600 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. ©2012 Bank of America Corporation. For more Bank of America news, visit the Bank of America newsroom. Reporters May Contact:Melissa Kitlowski, Bank of America Merrill Lynch,