Bank of America Merrill Lynch (BofA Merrill) has appointed Tito Vidaurri as new country executive of Mexico. Vidaurri will succeed Orlando Loera, following the retirement.

Based in Mexico City, Vidaurri will report directly to Andrea Orcel, executive chairman of global banking and markets, and will join the emerging markets (ex-Asia) executive committee, of which Orcel is president.

Vidaurri, due to join BofA Merrill in April, will be leaving his current position as chief country officer, chairman of the board and CEO of Mexican commercial banking and brokerage businesses of Deutsche Bank.

Vidaurri’s banking and finance career in the US and Latin America spans over 25 years. He has held his current position at Deutsche Bank for more than four years. Prior to Deutsche, Vidaurri was Morgan Stanley’s head of north Latin American investment banking.