BoAML debt hires

Credit Suisse debt syndicate bankers move to BoA Merrill

As part of a restructuring of its debt capital markets division, Bank of America Merrill Lynch hires Devesh Ashra and Hital Desai from Credit Suisse.

New appointments and internal promotions in Bank of America Merrill Lynch’s BoAML Asia-Pacific debt capital markets DCM team form the substance of a reorganisation, according to an internal memo released by the US bank yesterday.

The changes are intended to “define three verticals of responsibility” within the DCM business origination, syndication and leveraged finance and loans. The new structure is consistent with BoAML’s operations in the US. It includes the hiring of two bankers who resigned from Credit Suisse last week.

Devesh Ashra joins as head of Asia DCM syndicate and brings with him his former Credit Suisse colleague Hital Desai, who...

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