Merrill hires new head of IBD in Korea

Sung Eun Ahn, the new head of investment banking fills a gap in Merrill''s Korean platform.

Sources at Merrill Lynch have confirmed that the bank has made a major new hire in Korea. The bank has poached Sung Eun Ahn from Deutsche Bank to be its new head of investment banking. Coming with Ahn will be DH Lee who was also at Deutsche.

Ahn will be a managing director of the firm and will head up a revitalized investment banking division on the ground in Korea, an area that was missing from Merrill's high octane investment banking performance in the rest of the region this year. Ahn had been with Deutsche as head of investment banking in Korea for two years, having joined that firm from Salomon Smith Barney...

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