Six debt bankers quit BoA Merrill en masse

Six debt bankers resigned at Bank of America Merrill Lynch en masse on Friday, leaving the firm shortly after bonuses were paid out two weeks ago. They are Jimmy Choi, head of high-yield for Asia Kang-Jae Kim, a Singapore-based director covering Southeast Asia Leonard Ng, a vice-president Linda Xu, an associate and Jimmy Chua and Anita Leung, both analysts.

The bankers are rumoured to be headed for ANZ to join Michael Luk, who was previously head of debt capital markets Asia-Pacific at BoA Merrill before he left the firm in August 2011. Luk later resurfaced at ANZ in November as its global head of debt origination and...