BAML Trims Apac Commodities Team

Bank of America Merrill Lynch(BAML) has downsized its Asia-Pacific commodities team,Reutersreports. It has terminated three senior executives and a junior staff member.

The four, all sales and marketing personnel, include Australia-based managing directorPeter Beaumont, and directorsLiu BingandHiro Kitakatafrom the China and Japan offices, respectively. A replacement for Hiro has been appointed, but the other three departures are part of BAML’s restructuring.

Click here for the story fromReuters.