Frank Abraham will replace John Purciarello who has been based in London for the past three years and is relocating back to the United States with the bank. He has been with Bank of America for 29 years, most recently as executive vice president and manager of the Global Trade Services division. In this role, he was responsible for delivering trade banking solutions to large corporations and businesses around the world. Prior to this, he has had responsibility in a number of different bank divisions, including government services and credit.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.