Macquarie Hires Former Merrill Asia M&A Chief

HONG KONG (Reuters) – Macquarie Group (MQG.AX) on Wednesday said it had hired a Merrill Lynch M&A banking veteran, Kalpana Desai, as deputy head of Asia for Macquarie Capital Advisers.

Desai left Bank of America-Merrill Lynch in May, where she was head of Asia M&A, excluding Japan. She will report to Macquarie Capital’s Asia head Andrew Low.

(Reporting by Michael Flaherty; Editing by Jonathan Hopfner)