Bank of America Merrill Lynch announced that its Canadian energy and power investment banking business has a new chief.

Tim Watson is joining the firm as managing director and head of the group, based in Calgary. Watson will be responsible for covering the firm’s Canadian corporate clients in the energy and power sector, as well as building that business.

He comes to BofA Merrill from CIBC World Markets in Calgary where he was managing director, energy. From 1990 to 2007, Watson worked with RBC Capital Markets in positions including managing director, M&A, energy in San Francisco and Houston, and managing director, energy investment banking, Calgary.

Watson will report to both Scott Van Bergh, managing director and head of energy investment banking in the Americas, and Dan Mida, managing director and head of investment banking in Canada.

“Continuing our commitment to growth in the Canadian market is critical to our global franchise in energy and power,” noted Van Bergh.