BoA Merrill's Asia debt head Ashish Malhotra leaves

Ashish Malhotra, head of Asia debt capital markets, leaves Bank of America Merrill Lynch less than a month after being promoted.

Ashish Malhotra, head of Asia debt capital markets at Bank of America Merrill Lynch left the firm late last week, just one month after being promoted to become the firm’s Asia debt head.

Malhotra was appointed head of Asia DCM on March 18 and, according to an internal memo released at that time, he was responsible for the firm’s investment-grade and high-yield origination business across the region. Before that, he was head of syndicate for Asia and also handled Hong Kong debt origination.

Market rumours suggest that Malhotra is headed for a rival bank, possibly Standard Chartered, which is seen as a natural destination as the...

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