BofA Merrill GTS Hires Citi’s Bill Borden and GE’s Dennis Sweeney
Bank of America Merrill Lynch (BofA Merrill) global transaction services (GTS) announced two senior appointments: Bill Borden was named managing director and head of North America product solutions and Dennis Sweeney was named managing director and a treasury solutions executive. They will both join the bank in September and be based in New York.
In his new position, Borden will manage 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 US state and local governments.
Sweeney will work closely with various teams and global product leaders to provide senior finance executives at BofA Merrill’s largest global clients with advice, expertise, best practices and trends related to their treasury platforms. He was previously with General Electric (GE) 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.