The US bank said that the new capabilities immediately available in Brazil include deposit accounts, payments, reporting and liquidity solutions.
As a result, the bank can now offer a comprehensive suite of corporate and investment banking services to clients in Brazil.
The bank added that additional treasury solutions capabilities, such as more payment types, collections, trade products, and local currency loans will be launched in the next few months.
Bank of America Merrill Lynch country executive for Brazil Alexandre Bettamio said that this is an exciting development for BofA Merrill in Brazil.
"We already have considerable business operations in the country, spanning wealth management, corporate and investment banking, and institutional sales, trading and research.
"With the addition of treasury solutions, we are well on our way to completing our target product offering that gives clients a more expansive set of financial solutions to help them do business in Brazil," Bettamio said.
