Bank of America Merrill Lynch hires Margaret Ren in mainland push

To fast-track its growth on the mainland, Bank of America Merrill Lynch (BAML) has appointed Margaret Ren, a well-known banker and relative of a former premier, as China chairman, according to an internal memorandum seen yesterday by the South China Morning Post.

Ren, who is well connected to the government given her family background, joined BAML from French bank BNP Paribas where she was chief of corporate finance for the greater China region, covering Hong Kong, Taiwan, Macau and the mainland.

via Business feed http://www.scmp.com/business/banking-finance/article/1062785/bank-america-merrill-lynch-hires-margaret-ren-mainland-push