merrill-pinches-senior-citi-private-banker

Merrill pinches senior Citi private banker

Wayne Yang joins Merrill Lynch to run its private investment banking coverage team.
Wayne Yang will join Merrill Lynch as a managing director and Pacific Rim head of the ultra high-net-worth private investment banking coverage team. The team has been set up to integrate the bankÆs private banking arm and its investment banking groups.

Yang, who is coming from Citi where he held a variety of senior roles since he joined the bank in 1990, will be in charge of ôdriving this new businessö for Merrill, insiders say. He will report to Damian Chunilal, who is head of Pacific Rim origination and is chief operating officer for the region, which at Merrill includes Japan, Australia and India, and everything in between.

Yang will work closely with Merrill's head...
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