Merrill Lynch has followed its recent expansion of its debt client business, by announcing the appointment of Spencer Lake as its head of Pacific-Rim debt capital markets. The Merrill veteran will report to Damian Chunilal, president of Pacific-Rim global markets & investment banking group (GMI)and relocates to a newly created position.

In the new role, Lake will be responsible for enhancing and leading Merrill Lynch's debt origination business in the region. His duties will also include providing leadership to the overall Pac-Rim DCM effort, and work with his partners in investment banking and global markets to deliver optimal traditional and non-traditional debt solutions across the product spectrum to the US bank's targeted clients. Lake takes on the position in MerrillÆs Hong Kong offices.

Reporting to Lake will be Ken Niimura, head of Japan DCM, who will also work under Jiro Seguchi, head of Japan origination. Ron Ross and Chris Selby, of Australia DCM, will report to Lake and to Geoff Brunsdon, head of Australia Origination. In addition, the Asian DCM team will report to both Lake and to Sheldon Trainor, head of Asia investment banking.

Lake joined Merrill Lynch in 1989 in investment banking in New York, and most recently was head of European corporate and public sector DCM, based in London. Prior to this role, he held positions around the globe including senior roles in real estate investment banking and ratings advisory services. He was previously head of debt origination for Asia-Pacific, head of the European public sector group, and head of the Central and Eastern Europe, Middle East and Africa (CEEMEA) debt client group.