Bank of America Merrill Lynch Appoints Karen Fang as Head of Cross Asset Strategies & Solutions for Global Markets in the Americas

NEW YORK, March 25 /PRNewswire/ -- Bank of America Merrill Lynch today announced that Karen Fang will join the company as managing director and head of Cross Asset Strategies & Solutions for Global Markets in the Americas. She will be based in New York and report to Bryan Weadock, co-head of Global Fixed Income, Currencies and Commodities Sales. She is expected to join the company in June.

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In this new role, Karen will work across the firm's fixed income and equity platforms to oversee the development and distribution of investment and hedging solutions for all client segments. In addition, she will be responsible for managing the distribution of cross asset solutions for Asian pensions and sovereign wealth funds.

Karen was most recently a managing director at Goldman, Sachs & Co. where she was responsible for the pension, endowment and foundation cross asset solutions group in North America. Prior to joining Goldman, Sachs & Co., Karen held senior derivatives structuring positions at firms including Merrill Lynch Tokyo and Deutsche Bank London.

"With Karen's appointment, we are formalizing how we develop and provide cross asset solutions to our firm's diverse client base. This will ultimately help us serve our clients better by streamlining the design and delivery of best-in-class hedging and investment alternatives," said Weadock. "Karen is perfectly suited to this task given her tremendous product expertise and thorough understanding of the varying needs of our clients."

In 2004, Karen was a recipient of the "Rising Star Award" from the Women's Bond Club of New York. She has a bachelor's degree in Economics from the University of Tokyo. 

Bank of America

Bank of America 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 and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 59 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with nearly 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

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SOURCE Bank of America Merrill Lynch