The head of Merrill Lynch's Indian private banking arm, Rahul Malhotra, has been promoted to run the bank's private banking network across the region.

The head of Merrill Lynch's Indian private banking arm, Rahul Malhotra, has been promoted to run the bank's private banking network across the region. Mr Malhotra now has responsibility for Merrill's private client operation across Asia in all countries save for Japan. In his new role he will work closely with Tony Stanton, the head of the managed product group for the Pacific Rim and Abhinav Gorawara, head of equity-structured solutions for the region. Separately, Merrill has named Albert Lee, an executive with its private banking arm, as chief executive and chairman of its Taiwan operation.