(Singapore) – Merrill Lynch has increased its debt origination team in Singapore in an effort to grow its business in Southeast Asia at the same time as laying off nearly ten percent of its Hong Kong investment banking headcount.The Bank has recruited a fourth debt director in its Singapore issuer client group handling debt origination and liability management, joining three others who joined in June. Eight of its investment bankers in Hong Kong have gone, however, over the past week.
Merrill jumps its SEA debt team
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