Bank of America Merrill Lynch has hired convertible bond specialist Achintya Mangla and one member of his team at J.P. Morgan, Aloke Gupte, as it builds its equity and equity-linked platform in the region. Mangla's resignation from J.P. Morgan and potential move to BoA Merrill was rumoured in the media earlier this week and was confirmed through an internal announcement at the firm yesterday.
Mangla will not focus solely on converts, but has been given a broader role as head of Southeast Asia equity capital markets and head of equity-linked solutions for Asia-Pacific ex-Japan. In this role, he will be responsible for leading the US bank's ECM efforts in Southeast Asia in addition to...