Bank of America Merrill Lynch had been relatively quiet on the executive front, with the exception of the departure of Richard Holman from its Forex prime brokerage unit back in May. However, in a bid to strengthen its Asian currency team, the bank has made a pair of appointments in Forex standouts, Claudio Piron and Adarsh Sinha.
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Mr. Piron has previously served as head of Merill Lynch’s EM-Asia fixed income and FX strategy unit, having also held senior Forex roles at Standard Chartered Bank and JPMorgan Chase. Alternatively, Mr. Adarsh has been leading the G10 FX strategy for the Asia-Pacific region at Bank of America Merrill Lunch since 2010.
As per their new appointments, Mr. Piron will be based out of Singapore with Mr. Adarsh in Hong Kong. Their primary responsibilities will be to foster cohesion between its emerging markets and G10 currency units in Asia.