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BAML Changes LatAm Guard

Apr 27, 2010

Bank of America Merrill Lynch (BAML) has appointed Andrea Orcel as president of EM ex-Asia and moved James Quigley to a senior international origination role, according to internal BAML memos. “In order to be properly positioned to serve our clients and be leaders in these markets, we must have a more defined...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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