Bank of America Merrill Lynch continues to raise its profile and assert its commitment to Asia with the internal announcement yesterday that it has hired Chris Gammons from Citi to head its financial sponsors group.
Gammons' mandate is to develop the bank's coverage of private equity clients and to deliver integrated solutions across corporate and investment banking in Asia-Pacific, according to a press release yesterday. Basically, that means helping private equity funds find suitable targets and opportunities, which BoA Merrill is confident it is able to do, because of what it believes are the especially cooperative links and relationships within the bank.
Gammons will start work in March and will be based...