Dispatches: BoA Merrill Lynch gets Aussie advisory board

Bank of America-Merrill Lynch has appointed a high-powered advisory board headed by former BHP Billiton chairman Don Argus. The board will oversee the merged operations of the investment bank in Australia. (The Australian)

Westpac has established a precedent which is likely to see it used as a model for other employers in the financial services sector by opting to pay superannuation on unpaid parental leave for all permanent employees. (Money Management)

Clayton Utz is rebuilding its team after the Allen and Overy raid by appointing leading Asia Pacific finance lawyer Bruce Cooper. The firm has announced Cooper will join the firm from British 'magic circle' outfit Freshfields. (The Australian)