Bank of America Hires Kim Hong as head of Global Markets Asia

Bank of America today announced that Kim Hong has joined as Managing Director and head of Global Markets for Asia. Mr. Hong is based in Hong Kong and reports to Jonathan Moulds, president of Europe, the Middle East, Africa (EMEA) and Asia, and regionally to Colm McCarthy, president, Asia.

“Appointing someone of Kim’s calibre highlights the importance Bank of America places on the growth of its EMEA and Asia regions,” says Moulds. “Developing our international business is key to the bank’s Global Markets growth strategy. We’ve made good progress over recent years and have widened our international product offering. Kim’s extensive experience and leadership will be a critical factor to reaching our regional objectives and increasing the level of service we provide to our clients globally.”

McCarthy adds: “Kim will take us to the next level as we continue to align the Asia platform with our core strengths as a global business. I am delighted to welcome him to the team.”

Mr. Hong has more than 20 years of experience in global markets, during which he has held a variety of marketing, product and managerial positions. He joins Bank of America from JP Morgan where he spent seven years in Hong Kong, Korea and Singapore, most recently as the regional co-head of Credit and Rates and Retail Structured Products. A Korean national, Mr. Hong graduated from the University of Chicago before starting his career with Citibank. He later moved to Bankers Trust where he held the role of regional co-head of Investment Banking before moving to JPMorgan in 1999.

About Bank of America

Bank of America (NYSE: BAC) is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial products and services. The company's Global Corporate and Investment Banking group (GCIB) focuses on companies with annual revenues of more than $2.5 million; middle-market and large corporations; institutional investors; financial institutions; and government entities. GCIB provides innovative services in M&A, equity and debt capital raising, lending, trading, risk management, treasury management and research. Bank of America serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Many of the bank's services to corporate and institutional clients are provided through its U.S. and UK subsidiaries, Banc of America Securities LLC and Banc of America Securities Limited. For additional information, visit www.bankofamerica.com

In Asia, the bank has had a presence for 60 years and operates in 11 countries in the region with more than 2,200 employees.