Bank of America Merrill Lynch announced on Friday that Bing Wang will rejoin the firm as managing director and head of China corporate finance. He will be based in Hong Kong and report to Erh Fei Liu, China country executive and head of China global corporate & investment banking.
In this role, Bing will have responsibility for originating and executing transactions across all market sectors for Chinese companies.
Bing previously spent almost five years with the company from 2004 to 2008 within the corporate finance, general industries and private equity divisions and worked on a number of landmark transactions as a banker and investor. Before that, he worked at Goldman Sachs in Hong Kong.
Bing has a diverse educational background -- he holds an MBA from Insead, France; a masters of applied science, majoring in mechanical engineering, from The University of Toronto, Canada; and a diploma in engineering, majoring in mechanical engineering, from The University of Karlsruhe, Germany.
Bank of America, the largest US bank, acquired Wall Street investment bank Merrill Lynch on January 1 and renamed the combined entity in Asia to Bank of America Merrill Lynch. While there were dozens of departures earlier in the year the firm has also been rebuilding, particularly in key areas such as China. In Asia, in general, it hired more than 150 people in the second quarter alone.
For example, Stanley Wong joined the firm on July 2 as head of Hong Kong and China sales and Loretta Ng was hired on July 13 in Hong Kong/China equities sales from Morgan Stanley. In research, in the last four weeks the following were hired: Thomas Wong became head of Asia-Pacific energy equity research, joining from Och Ziff Capital Management; Angello Chan moved from Credit Suisse to become head of Asia utilities research; Frank Zhang joined as head of Greater China metals and mining research, moving from J.P. Morgan; and Kenneth Whee joined as head of Asia-Pacific petrochemicals and refining research, having last worked at Goldman Sachs. The bank has also been hiring on the private banking front as well.
