Latin America and Brazil in particular have been a focal point of Bank of America Merrill Lynch's international strategy over the years. In 2011, the bank's main legal entity in country was upgraded to a commercial bank under the name Bank of America Merrill Lynch Banco Multiplo S.A., allowing the bank to offer local treasury solutions in addition to the existing capabilities in investment banking, institutional sales, trading and research. The main goal of Bank of America Merrill Lynch Banco Multiplo S.A is to promote the rendering of full, high quality services to customers with operations in Brazil.