Rahman steps down as Asian IB co-head
Senior management changes at Merrill Lynch result in the formation of a new executive management committee and the loss of Aj Rahman as a co-head of Asian investment banking.
Merrill Lynch announced the formation of a new executive management committee in Asia yesterday (Monday), promoting two of the firm's most senior originators and retaining the services of one of two existing investment banking co-heads.
In an internal memo penned by global investment banking head Sam Chapin, Merrill's said the three new co-heads of Asian investment banking would be: KL Wong, currently vice Chairman of Asia and head of Hong Kong investment banking; Erh Fei Lu chairman…
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