Bank of America Merrill Lynch's Asia-Pacific unit has begun a recruitment drive because sentiment surrounding the bank has “turned a corner”, according to a top regional executive.
The bank plans to aggressively roll out its revamped product range and build scale in key regional markets, Jayanti Bajpai, co-head of global corporate and investment banking, Asia-Pacific, told the Financial Times in his first interview since taking the role in March.
The bullish comments are among the first from a senior bank executive since the takeover by BofA of Merrill earlier this year, and reflect optimism internally that the worst is over.
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