Sawhney joins Merrill as head of leveraged finance

Rapid growth in buyouts and LBOs in the region prompts investment banks to boost their teams.

Merrill Lynch has hired Ajay Sawhney, previously with ING Bank, as managing director and head of Asia Leveraged Finance Origination, a business which is gaining in prominence in the region.

Sawhney will work with the bankÆs mergers acquisitions team to come up with financing solutions for acquisitions with a focus on origination and execution of leveraged transactions and leveraged buyout opportunities. He will be in close contact with the investment banking relationship managers and the global leverage finance group.

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