Bank of America Corp (NYSE: BAC) has hired Zhang Xiuping away from Deutsche Bank as its new co-head of M&A for Asia, according to a report from Bloomberg News.
Zhang will lead Bank of America Corp (NYSE: BAC)’s regional M&A team along with Michael Clo. While working at Deutsche Bank, Zhang ran the company’s China mergers advisory unit.
Bank of America Corp (NYSE: BAC)’s Merrill Lynch division slipped to 17th in advising Chinese companies in M&A activity this year according to data from Bloomberg.
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Commercial Banking, Global Banking & Markets, Global Wealth & Investment Management, with the remaining operations recorded in All Other.
Shares of Bank of America Corp (NYSE: BAC) traded down 1.25% during mid-day trading on Wednesday.
