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BofA hires ex-Deutche Asia banking head to run APAC global markets

By Lawrence White

Oct 10 (Reuters) - Bank of America Corp has hiredLoh Boon Chye, a Deutsche Bank AG veteran, as head ofAsia Pacific global markets, according to an internal memoobtained by Reuters.

Bank of America is taking on board a former leader ofmarkets and corporate and investment banking divisions as itseeks to integrate those two businesses across the region. Themarkets division comprises equities, fixed-income, currenciesand commodities.

Loh's appointment marks the first time these businesses havebeen managed by a single leader in Asia.

In addition to the title of head of Asia Pacific globalmarkets, a new role for the bank, Loh will be deputy presidentfor Asia Pacific and country executive for Singapore andSoutheast Asia, the memo said. He will start work in Decemberand will join the bank's executive committee for Asia Pacific.

A spokesman for Bank of America Merrill Lynch confirmed thecontents of the memo but declined to comment further.

Loh, a Singaporean known as one of the chief architects ofDeutsche Bank's Asia markets business, left in March after 17years at that firm.

(Editing by Michael Flaherty and Matt Driskill)

((lawrence.white@thomsonreuters.com)(+852 2847 4062)(ReutersMessaging: lawrence.white.thomsonreuters@reuters.net))

Keywords: BOFA BOON CHYE/