Finance
Bank of America Cuts More Than 20 Dealmaker Jobs in Hong Kong
- Khaitan, Ng, among senior bankers leaving New York firm
- Several managing directors let go in latest round of cuts
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Bank of America Corp. cut more than 20 investment-banking jobs in Hong Kong Tuesday as dealmaking in China grinds to a halt, people familiar with the matter said.
A handful of managing directors were let go in the latest round of cuts, including equity capital markets banker Sunil Khaitan and Winnie Ng, who covers Hong Kong and is co-head of Asia real estate, gaming and lodging, the people said, asking not to be identified discussing private matters. Khaitan declined to comment, while Ng didn’t respond to requests seeking comment.