The American Dream - part 1

FinanceAsia caught up with Colm McCarthy, president, Asia and Duncan Goldie-Morrison, head of global capital markets and Asia, to discuss Bank of America''s Asian strategy.

Why are you structured so that there are two heads of Asia, one in Singapore and one in New York

Goldie-Morrison We used to have a head of international, which was like a minister without portfolio. We were at a stage in our evolution where products were very dominant. Products ran themselves globally and they were all powerful. To have someone in New York who was solely responsible for the region was unnecessary. So now I have product and regional responsibility.

Does it work out that most of Bank of America's business in Asia is in the debt markets

McCarthy Not really. The business in Asia is very balanced. About one third is global...

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