SIGNUPABOUTBW_CONTENTSBW_+!DAILY_BRIEFINGSEARCHCONTACT_US


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


Return to main story


Updated Aug. 21, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
Terms of Use