Treasured banker

"BoA (Bank of America) Merrill poaches Percy Batliwalla and Tim Fleming to fill new treasury services positions in Asia-Pacific,” reported Edward Russell on March 30, 2010 when writing for Finance Asia – Corporate Treasury News.

As part of a drive to expand its overall corporate banking segment in the region, BoA recruited Batliwalla who was managing director and Asia Pacific head of financial institutions — banks at J. P. Morgan Treasury Services, one of the world’s largest provider of treasury management services.

Percy Batliwalla: Bank’s strength

Singapore-based Batliwalla will take charge as BoA’s new head of Asia-Pacific financial institutions/treasury sales and Hong Kong-based Fleming will head Asia-Pacific corporate treasury sales. "Both positions are new to the bank and effective from May. Batliwalla and Fleming report to Dub Newman, London-based head of global treasury sales,” mentions Russell.

"These significant hires will help drive the business forward and will enhance our ability to meet the dynamic corporate banking needs of our clients around the world,” said Paul Donofrio, London-based head of global corporate banking, in a statement. "Corporate banking is a core business for BoA in the US and, through our acquisition of Merrill Lynch, we gained access to hundreds of investment banking and global market clients in EMEA (Europe, the Middle East and Africa) and Asia to whom we can now provide a complete range of financial solutions.”

Batliwalla brings with him the experience of J. P. Morgan Chase Bank, considered the world’s largest US dollar clearing and commercial bank. With more than 50,000 clients and a presence in 39 countries, the Treasury Services business of J. P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide.