Bank of America Merrill Lynch's new head of Asia headquarters in Hong Kong is shaking up the office's culture and streamlining operations, according to Reuters.
Matthew Koder was poached in June from UBS where he was the superstar head of equity capital markets. To wit: Since his arrival, Koder has pushed change and given BofA-Merrill Lynch bankers a dose of the intensity he's known for... When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens. The terse message, "Good afternoon," needed little further explanation.
Koder has also shaken up reporting structure, as the region's investment and corporate banks now operate under one umbrella and has ambitions to grow the bank's fixed income business and "capture a bigger share of specific parts of equity capital deals, such as block trades."
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