Morgan Stanley has named Carol Lin of Bank of America Merrill Lynch as managing director of its Asian distressed and stressed assets sourcing and distribution business, reported Bloomberg.
She will be based in Hong Kong and joins the bank in February, the New York-based bank said in an e-mailed statement to the news agency. She was recently a managing director and global bank sourcing coordinator at Bank of America Merrill Lynch in New York.
Reportedly, the appointment is part of the US-based lender’s moves to expand its fixed-income offerings in Asia. Ranodeb Roy, head of interest rate, currency and credit of Asia at Morgan Stanley, said: “This is an important hire as we continue to expand our fixed-income platform in the region.”
Ms Lin will report to Ben Falloon, managing director of interest rate, currency and credit division in Asia, outside Japan. Mr Falloon said: “With global bank balance sheets shrinking, stressed and distressed products assume new importance,” reported the news agency.
