Sentiment on Europe rises, with investors reporting the largest divergence between US and European equity valuations in the history of the BoA Merrill fund manager survey.
Group CEO Boris Collardi offers assurances that the Swiss private bank can successfully integrate the international wealth management business of brokerage Merrill Lynch.
The newly created role is part of Bank of America Merrill Lynch's plans to expand its prime brokerage business in the region.
Sam Tabar, who has joined Bank of America Merrill Lynch from PMA to lead its capital-raising efforts for hedge-fund clients, is expecting a wider range of strategies among Asia fund launches.
Michael Benz jumps ship from UBS to BoA Merrill to replace Antony Hung as head of wealth management for the region.
They are also very bearish on Malaysia and New Zealand, preferring Indonesia and Taiwan. Global allocators are boosting Japan weightings and shunning Europe.