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Bank of America appoints Phil Carmalt to lead Asia Pacific payment solutions

Bank of America has appointed Phil Carmalt, a former DBS executive, as the head of its Asia Pacific global payment solutions product. Based in Hong Kong, he will oversee the product management team and drive the bank's strategy for cash and liquidity products in the region. With over 20 years of experience in transaction banking, Carmalt previously led cash and trade products at DBS Hong Kong.

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