People News: BofA Merrill Lynch, Citigroup, M. Klein & Co

Bank of America Merrill Lynch has named Elif Bilgi Zapparoli as its new co-head of corporate and investment banking for the Asia Pacific region, according to an internal memo seen by Reuters on Thursday.

Reuters reports that Zapparoli will work alongsode Jiro Seguchi, who was in October 2013 named sole head for the U.S. lender's Asia-Pacific investment banking business.

In the meantime, Reuters also reports that star dealmaker and former Citigroup executive Michael Klein, the lead adviser to Dow Chemical Co on its $130bn merger with DuPont, has quietly tripled the size of his advisory firm in the last 18 months.

His New York-based shop, M. Klein & Co, has no website or marketing materials, and does not even list a phone number for its office. Yet the firm has been taking bold steps in expanding to 20 employees and has extended its presence to London and Beijing.

Bank of America names new co-head of investment banking for Asia Pacific - memo

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