Swaminathan, Standard Chartered’s regional head of origination and client coverage in South and Southeast Asia, will move to India from Singapore, the people said. Swaminathan declined to comment.
Merrill Lynch is owned by Bank of America Corp.
Swaminathan, who has a master’s in business administration from Harvard Business School, joined Standard Chartered in Mumbai in 2006 from ICICI Bank Ltd., India’s second-largest lender.
Merrill Lynch ranks seventh in arranging equity and rights sales in India this year and fifth in mergers and acquisition advisory, according to Bloomberg data. Standard Chartered doesn’t figure in Bloomberg’s equity league tables and ranks third in M&A advisory.