Bank of America Merrill Lynch’s French unit is expected to hire David Azema, the head of French state holding company APE, as its new head.
Quoting people familiar with the development, French daily Les Figaro reported that Azema should finally be tempted to head Bank of America Merrill Lynch in France.
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A government ethics commission for public servants is expected to review the candidacy on June 12, the report added.
However, both APE and Bank of America Merrill Lynch declined to comment immediately on the report.
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