Bank of America is hiring Will Abbott, former co-head of equities at Renaissance Capital, as the U.S. bank rebuilds its Russian business, according to two people with knowledge of the matter.
Bloomberg reports that Abbott will rejoin Alexander Pertsovsky, a former head of RenCap and parent Renaissance Group who started this month as chief executive officer for Bank of America Merrill Lynch in Russia.
Abbott may be appointed head of equities, said the people, who asked not to be named because the information hasn’t been made public.
The news organisation also reports that Bank of America has hired George Lin from Credit Suisse as head of Asia consumer, retail and health-care investment banking, two people with knowledge of the matter said.
Lin, 42, will start working in Hong Kong for the Charlotte, North Carolina-based bank by the end of June, one of the people said, asking not to be identified before an internal announcement. Paul Scanlon, a Hong Kong-based spokesman for the U.S. firm, and Credit Suisse spokeswoman Josephine Lee declined to comment.
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