Merrill hires Jonathan Yip from Credit Suisse

Bank of America Merrill Lynch has hired Jonathan Yip as a director focusing on China debt coverage, according to sources close to the situation. Yip, who is currently on gardening leave, previously worked as a director at Credit Suisse for seven years, covering high-yield debt origination, with a focus on China and Indonesia.

Yip will cover both investment-grade and high-yield China debt at Bank of America Merrill Lynch and will report to Ranobir Mukherji, head of debt capital markets for Asia ex-Japan and Australia. He is expected to join the firm in September.

Jimmy Choi, Merrill’s head of structured debt products, will continue to run the high-yield...