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Thursday, March 11, 2010

Kaku Nakhate To Head Bank of America Merrill Lynch India

By John Satish Kumar

Dow Jones Newswires

MUMBAI -(Dow Jones)- Bank of America Merrill Lynch Thursday announced Kaku Nakhate will replace Kevan Watts as country head of India when the incumbent retires later this year.

Nakhate, who worked at the investment bank for more than 18 years before joining JP Morgan India, will report to Brian Brille, President, Bank of America Merrill Lynch, Asia Pacific, the company said in a statement.

"Kaku's wide range of experience, in-depth understanding of the business dynamics and past relationship with the bank makes her an ideal person to run the business in India," Brille said in the statement.

Watts is retiring later this year after 29 years with the company, during which he has served in many senior roles in New York, London, Hong Kong and Mumbai.

His previous roles include head of European investment banking, co-head of global investment banking, executive chairman of Asia Pacific, chairman of EMEA and chairman of Merrill Lynch International.

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