Bank of America Merrill Lynch is continuing to build its global markets sales team with four new hires.
The firm has poached two of its new hires -- Anthony Yeung and Andrew Wong -- from J.P. Morgan. Both join as directors of the Greater China corporate sales team, selling fixed income, currency, commodities and equities. Yeung was previously head of corporate Hong Kong, global credit and rates markets, Asia ex-Japan at J.P. Morgan. Wong was an executive director at J.P. Morgan's private bank.
They will be based in Hong Kong and report to Wei Wang, head of greater China FICC sales. FICC includes fixed income, currencies, commodities, rates, structured products and asset and liabilities structuring.
Wang reports to Soofian Zuberi, who in February became head of Asia-Pacific ex-Japan global markets sales, which makes him responsible for all sales activity across equities and FICC. This sales overlay across both equity and fixed income is in line with the firm's aim for greater integration between the divisions and the new hires reflect Zuberi's efforts to build his team.
Two other new hires that ultimately are part of Zuberi's team include Tim Martin from Goldman Sachs, and Jenny Chan from Lehman Brothers in New York. Both join the global foreign exchange group as vice-presidents. They will be based in Hong Kong and report to Sowen Ng, head of foreign exchange sales for Bank of America Merrill Lynch Asia, ex-Japan. Ng, in turn, reports to Zuberi.