Bank of America Merrill Lynch, created in the teeth of the financial crisis, will this week press ahead with expansion of its corporate banking worldwide, as it seeks to make the most of its vast scale.
Paul Donofrio, head of the corporate bank, will set out a plan to expand BofA's presence in Europe and Asia, mimicking the group's strength in providing corporate banking services to US clients.
Merrill Lynch, acquired by Bank of America in late 2008, has long had powerful investment banking operations around the world, which Mr Donofrio sees as the key to expanding globally. In Europe and Asia, Merrill boasted three times the clients of Bank of America.
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