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CEO David Komansky's Asia Blitz
ACHIEVEMENTS... ACQUISITIONS The 1995 purchase of London-based broker Smith New Court put Merrill on the map in Asia DEALS Merrill's investment bankers are snaring big deals from European and Asian competitors RETAIL Merrill is expanding private banking across Asia and moving into mutual funds ...AND CHALLENGES MARKET TURMOIL Recent currency crises and the subsequent plunge of regional bourses may dry up the flow of new deals STAFFING Defections of some top Asia talent and a poor track record on integrating Asians into top management are serious obstacles BROKER SUPERVISION The arrest of one of Merrill's top brokers in Asia may indicate that expansion is coming at the expense of internal controls DATA: BUSINESS WEEK
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Updated Aug. 21, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
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