BoA Merrill hires rainmaker Margaret Ren as China executive and chairman, a week after the US firm announces it has hired veteran banker Loh Boon Chye.
Group CEO Boris Collardi offers assurances that the Swiss private bank can successfully integrate the international wealth management business of brokerage Merrill Lynch.
Asia's wealthy are defined by young demographics and ambitious entrepreneurs, forcing private bankers to rethink their models, according to Shayne Nelson, CEO of Standard Chartered Private Bank.
Part of the share sale is linked to the unwinding of a total return swap that Country Garden entered into in connection with a CB issued four years ago.
Indira Citrarini replaces Djamal Attamimi, while Siantoro Goeyardi and Kusnadi Pradinata add to the existing capital markets and treasury solutions team.
Buffett's $5 billion investment in Bank of America Merrill Lynch is just the fillip stock markets need, despite specialists' mixed reception to the cash injection.