BofA Merrill Lynch has named Richard Yacenda as new country executive for Hong Kong, replacing Jayanti Bajpai.
Additionally, Yacenda will represent Hong Kong in the Asia-Pacific Executive Committee and will continue to serve his current role as Asia-Pacific chief operating officer, reported FinanceAsia.
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In his new role, Yacenda will be tasked for driving the strategic direction of the firm’s franchise in Hong Kong and building and maintaining its relationships with local regulators.
Yacenda will report to Matthew Koder, BoF Merrill’s president of Asia-Pacific in both the roles.
Yacenda joined BofA Merrill in 2013 from Deutsche Bank, where he served as deputy COO since 2006.
Moreover, BofA Merrill has also expanded its China investment banking team by hiring Alex To as new head of China investment banking and co-head of China global corporate & investment banking.
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By GlobalDataBased in Hong Kong, To will work alongside Xiaoguang Huang, co-head of China global & corporate investment banking. To joined BofA from Morgan Stanley, where he served as chairman of China investment banking.
