Paul Simpson is the Global Banking & Markets Operations and Regions executive at Bank of America. He leads a team responsible for operations for institutional and commercial, corporate, investment banking and government clients, as well as small business and business banking clients. The team delivers end-to-end services, support and operations for sales, trading and underwriting businesses and comprehensive financial services solutions, including credit, depository, treasury and trade delivery and support. Simpson also leads the regional technology and operations teams in the Asia Pacific, Europe, Middle East & Africa and Latin America regions. Simpson is also responsible for robotics, and robotics process automation optimization across Global Technology and Operations.
Prior to this role, Simpson was managing director and global head of Equity Asset Management Services at Bank of America Merrill Lynch. He was responsible for multiple Global Markets businesses, including Prime Brokerage, Stock Loans, Swaps, Global Custody and Agency Services, Futures & Options, OTC Clearing and Foreign Exchange Prime Brokerage.
Simpson previously led the Global Transactions Services business, which included payments, liquidity and investments, receivables, trade and supply chain finance and custody and agency services. He has more than 28 years of experience working in the financial services industry, principally in treasury and trade services, public sector and commodities.
Prior to joining the bank in 2011, Simpson was with Citigroup as global head of Treasury & Trade Solutions in the Global Transaction Services group. He joined Citi in 2007 as head of Global Public Sector & Healthcare Markets. Previously, Simpson was with JP Morgan Chase in roles with increasing responsibility within Treasury Services, Public Sector and Healthcare. Earlier in his career, he spent time with Deutsche Bank as head of eCash Solutions and head of Trade Services. Prior to that he was with ANZ Banking Group in Trade and Commodity Finance in Sydney Australia.
Simpson’s external industry participation includes several prominent positions. He is a board member Georgetown’s University McDonough School of Business Advisory Council. He has also held previous board positions with: Private Export Finance Corporation (PEFCO); Foreign Policy Associates (FPA); and Managed Funds Association (MFA). He has also held various committee leadership positions with Bankers Association of Foreign Trade (BAFT), and SWIFT.
He holds a B.S. in Russian from Georgetown University (minors/concentrations in Business and Chinese) and an MBA in Finance, Economics and International Business from New York University Stern School of Business. He also studied in Moscow at the Pushkin Institute.