DUBAI Dec 6 Bank of America Merrill Lynch
has hired Arshad Ghafur, previously with Nomura Holdings
, as the country executive for its Middle East and North
Africa unit, the U.S. bank said in a statement on Thursday.
Ghafur, who will start the new role in March 2013, will
replace Phil Southwell who left the bank recently following an
overhaul of the lender's regional banking operations.
At Nomura, Ghafur was the chief executive for Qatar and the
investment banking head the MENA region, responsible for the
bank's capital market activities. He joined Nomura from Lehman
Brothers after the acquisition of some of that U.S. bank's
businesses in 2008 following its dramatic collapse.