Bank of America Merrill Lynch has hired Adarsh Sinha as head of Asia-Pacific G10 foreign exchange strategy within its global research division, according to a release issued Friday.
Based in Hong Kong, Sinha will be responsible for calls on the Australian and New Zealand dollars as well as the Japanese yen – the only three currencies in Asia-Pacific that are among the Group of 10 currencies, which are deemed to be the 10 most liquid currencies in the world. He will also lead BoA Merrill’s G10 FX research marketing effort in the Asia-Pacific region, working closely with his colleagues across regions.
Sinha has been covering the G10 currencies since 2004 as a member of the FX strategy group at Barclays Capital. At the UK bank he was responsible for forecasting and fundamental analysis of G10 currencies, with a particular focus on European currencies. (The other seven currencies included in the G10 are the US and Canadian dollars, the British pound, the euro, the Swiss franc, the Swedish krona and the Norwegian krone.)
In his new role Sinha will report to David Woo, BoA Merrill’s head of global rates and currencies research.
“[Sinha] is a tremendous asset to our team,” said Woo. “I am confident that with his understanding and experience, our clients will receive the highest quality foreign exchange analysis and trading ideas in the marketplace.”
According to the release, Bank of America Merrill Lynch global research aims to become the premier global research franchise, providing clients with “exceptional service, value-added investment insights and alpha-generating investment recommendations.”
Sinha holds a masters degree in economics and management from Brasenose College at the University of Oxford and a masters in science degree in economics and finance from the University of Warwick.