Li officially started the role in mid-August, moving across from Deutsche Bank. At Bank of America he reports directly to Frederick Chin, managing director and CEO for Greater China. He replaces Annie Wong who retired from the business at the end of September after 12 years with Bank of America where she was charged with growing and developing the firmÆs China operations.
At Deutsche Bank, Li was chief country officer for China and branch manager for its Beijing offices. Outside of Deutsche, Li also brings experience from UBS in Beijing, where he spent 12 years, and from AustraliaÆs Westpac. Li has also worked for the PeopleÆs Bank of China and the Industrial and Commercial Bank of China.
ôOur franchise in China is growing rapidly with revenues expected to double this year,ö says Colm McCarthy, president of Bank of AmericaÆs Asia business. ôWe are hiring a number of new key staff, developing our client-base and expanding our product offering û these are very exciting times for our business and the Greater China team.ö
