The change in roles is largely a formalisation of something that has already been happening informally over the past 18 months or so, the source says. Trainor has assumed the title of vice-chairman in investment banking and his focus will be on Asia ex-Japan and Australia. He will continue to report to Damian Chunilal, who is head of Pacific Rim origination.
Trainor was hired by Chunilal to head up the investment banking team in Asia and joined Merrill in June 2005 after 11...
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