More top-level changes at Merrill in Asia

In what appears to be a game of musical chairs underway at Merrill Lynch, Jayanti Bajpai and Jiro Seguchi will become jointly responsible for corporate and investment banking in the Asia-Pacific region, according to an internal memo seen by FinanceAsia. Their appointments are effective immediately.

Back in November, before Merrill was absorbed into Bank of America, Damian Chunilal, Merrill's then chief operating officer for the Pacific Rim and head of Pacific Rim investment banking, left the firm after failing to make the shortlist to become the new head of investment banking in the region. That role eventually went to Jim Forbes, who has been with...