Kalpana Desai, head of mergers and acquisitions for Asia-Pacific ex-Japan, will be leaving Bank of America-Merrill Lynch after a transition period of a few weeks, according to sources and an internal memo seen by FinanceAsia. The announcement of her departure comes only a week after veteran China banker Margaret Ren left the firm.
A string of high-level bankers have left Merrill Lynch since Bank of America acquired the firm on January 1, which isn't exactly surprising in the wake of a merger. Add in that BoA has taken US government money and is now saddled with restrictions on pay and bonuses as a result, plus a global recession that is...
¬ Haymarket Media Limited. All rights reserved.
