BoA-Merrill suffers prime brokerage exits
Half a dozen executives from the firm's Asia prime brokerage team have taken flight over the past year, even as the business has recorded gains in market share.
A string of executive exits from Bank of America-Merrill Lynch’s regional prime brokerage team in the past year comes at an awkward juncture, with the loss of key team members around the time of a favourable report into its market share.
Jim Fallon, who had served as a director of financing sales and was the most senior member of the Singapore prime brokerage team, is the latest to depart from BoA-Merrill, having left last month.
Fallon is an industry veteran who joined BoA-Mer…
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