The tug of war between Merrill Lynch's Hong Kong and Tokyo equities teams is over, for the time being. Just one year after ceding control of the group to Hong Kong, the top equities job has once again moved back to the Japanese capital.
In fact, the entire global markets group for Japan, non-Japan Asia and Australia will now be headed from Tokyo. Simon Brookhouse, who brought the Japanese equities business to Hong Kong in September 2002, has now left Asia and the equities job switches back to Japan. Osman Semerci, who until now headed the Asian debt markets group, will become head of Pacific-Rim global markets.
In September 2002 the...
