The Empire strikes back

Merrill''s Tokyo office wrests back control of the Japanese equities team, and gets the rest of Asia into the bargain.

The tug of war between Merrill Lynch's Hong Kong and Tokyo equities teams is over, for the time being. Just one year after ceding control of the group to Hong Kong, the top equities job has once again moved back to the Japanese capital.

In fact, the entire global markets group for Japan, non-Japan Asia and Australia will now be headed from Tokyo. Simon Brookhouse, who brought the Japanese equities business to Hong Kong in September 2002, has...

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