Bank Of America Merrill's Forbes To Leave Asia - Memo
March 04 2009 - 8:27AM
Dow Jones News
Bank of America named Merrill Lynch veteran Jayanti Bajpai as
Head of Corporate and Investment Banking for the Asia-Pacific
region, replacing Jim Forbes, who is leaving his role three months
after taking it on, according to a memo seen by Dow Jones Newswires
Wednesday.
Bajpai, a Merrill Lynch veteran of 22 years, will be responsible
for corporate and investment banking for Asia Pacific excluding
Japan and will be based in Hong Kong. He is currently based in
Mumbai.
Forbes, formerly a New York-based healthcare banker for Merrill
Lynch, was named head of corporate and investment banking for Bank
of America in the Asia Pacific region in November last year.
"Jim Forbes will be returning to the U.S. from Hong Kong due to
the health of a family member and will be exploring other
opportunities inside the company," the memo said.
He replaced Damian Chunilal, who was head of Pacific Rim
investment banking. Bajpai was formerly head of investment banking
for India as well as Central Europe, Eastern Europe, Middle East
and Africa. In his new role, he will be responsible for Asia
Pacific but not Japan, which is under the remit of Jiro Seguchi for
investment banking and Shigeo Nishimoto for corporate banking.
Forbes' role had included responsibilities for Japan.
Bank of America Corp. (BAC) completed its acquisition of Merrill
Lynch & Co in early January.
-By Nisha Gopalan, Dow Jones Newswires; 852-2832-2343;
nisha.gopalan@dowjones.com
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