Bank of America "hiring spree" could provide banking jobs in Hong Kong

Those seeking finance jobs in Hong Kong may be interested in the news that Bank of America is currently conducting an "Asia-Pacific hiring spree".

According to Reuters, the company is attempting to expand its operations in order to take advantage of rapid economic growth in the region.

It will allay concerns that Merrill Lynch operations in Asia would be neglected in favour of enhancing Bank of America''s US operations, as this does not appear to be the case.

Bank of America Merrill Lynch Asia Pacific president Brian Brille explained: "We have a long-term commitment to the most interesting growth region in the world: Asia."

The news source reports that Rajesh Melwani has been appointed from UBS as the Hong Kong-based Asia Pacific head of equity derivatives sales, a move that could generate more investment banking jobs.

Additional appointments have also been made in the real estate research unit with a number of executive roles created, in addition to junior banking positions.

Meanwhile, a recent analysis of the financial services sector by the Confederation of British Industry suggested that an economic shift to eastern markets such as Hong Kong will take place over the coming years.