There is a new strategy at work at Merrill Lynch. Vice-chairman, Greg Bundy is now splitting his time between Sydney and Hong Kong keeping an apartment in both financial centres.
This is in line with Merrills new approach to Asia. It is now integrating Asia and Australia, and treating it as one geography. Such a move has, for example, seen Michelle Ring move to Sydney to head South East Asian research.
Australia is a key component of the Asian strategy Bundy says. In Australia weve found a very good workforce. So weve filled a lot of key spots from Australia, particularly in IT. Over the past three years, weve...
