BAML hires Yang to head Greater China equities

Yang Xia, head of equities at UBS China, is moving to a slightly broader role at Bank of America Merrill Lynch to oversee Greater China equities.

Bank of America Merrill Lynch has poached UBS banker Xia Yang to head Greater China equities -- a newly created role -- as the investment bank continues to grow its regional business, according to an internal memo seen by FinanceAsia.

Yang will report for duty at the end of October and will be based in Hong Kong, according to the memo. He will report directly to Olivier Thiriet, head of Asia Pacific equities.

Yang will be responsible for driving strategy and growth of the American investment bank’s Greater China equities business, including equity trading, sales and research, as well as deal origination and execution. He...

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