Bank of America Merrill Lynch Canada Hires Head Of Energy and Power Investment Banking

NEW YORK--(BUSINESS WIRE)--Bank of America Merrill Lynch (BofA Merrill) today announced that Tim Watson has joined the firm as managing director and head of Canada’s energy and power investment banking business, based in Calgary.

“With over 20 years in the investment banking industry in Canada and the US, he brings excellent industry experience and strong relationships to further build on our position in the market.”

Watson will report jointly to Scott Van Bergh, managing director and head of energy investment banking in the Americas, and Dan Mida, managing director and head of investment banking in Canada.

In his new role, Watson will be responsible for covering the firm’s Canadian corporate clients in the energy and power sector and building the business. He will coordinate closely with global industry and product coverage teams and BofA Merrill’s corporate banking group.

“We are very excited that Tim will lead our efforts in the power and energy business in Canada,” said Mida. “With over 20 years in the investment banking industry in Canada and the US, he brings excellent industry experience and strong relationships to further build on our position in the market.”

Watson’s appointment complements a number of senior BofA Merrill hires in Canada in the past year, including a build-out of its corporate banking infrastructure to better service all clients, including those in the power and energy sector.

"Our consistent leadership position in energy and power investment banking is a result of the strong talent we have in place and our extensive understanding of the industry," said Van Bergh. "Continuing our commitment to growth in the Canadian market is critical to our global franchise in energy and power”.

Watson joins BofA Merrill from CIBC World Markets in Calgary where he was managing director, energy. From 1990 to 2007, Watson worked with RBC Capital Markets in positions including managing director, M&A, energy in San Francisco and Houston (2004 to 2007) and managing director, energy investment banking, Calgary (1997 to 2004).

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 57 million consumer and small business relationships with 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with 29 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.

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