Bank of America Merrill Lynch has changed the leadership of its Japan equities team, promoting head of Japan equities trading Eugene Iwami to sole head of the division, according to a memo seen by FinanceAsia.
Iwami takes over from Paddy Hogan, who has run the business for the last six years and is moving to New York to handle the US end of Japan sales and to increase financing revenues from US clients active in Asia, according to the memo.
BofA Merrill’s equities team in Japan previously had a co-head structure, with Hogan running things alongside Hiroyuki Kaneda, who will now become...
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