People Moves
New Asia-Pacific President Named At Bank of America Merrill Lynch
Bank of America Merrill Lynch has named
Brian Brille as the new president of its Asia-Pacific
operations, in line with the bank's integration strategy for its
corporate and investment banking businesses.
Mr Brille is currently the head of corporate and investment
banking for the Americas and will be replacing Ki Myung Hong (Kim
Hong), who is to become vice chairman for Asia-Pacific. According
a statement, Mr Hong will be reporting to Mr Brille,
although the bank said this does not equate to a demotion.
"[Mr] Brille's proven track record of leading and integrating the
bank's capabilities to deliver for our clients makes him the
perfect candidate to build out our footprint for the Asia-Pacific
region," said Tom Montag, president of global banking and markets
for BoA Merrill. "(Mr) Hong will play a critical role on [Mr]
Brille's team, ensuring that we continue to build on our recent
progress in the region."
The appointment is widely viewed as a way for Bank of America to
continue strengthening its influence over Merrill Lynch in Asia
after the former took over the latter early this year.