BoAML taps PMA exec in prime brokerage business push

Bank of America Merrill Lynch (BoAML) has named Sam Tabar as director and head of Asia- Pacific capital introduction in a move to strengthen its prime brokerage business in the region.

 

He will lead the bank’s capital introduction effort focussed on the Asian alternative investment community, according to an internal memo. He will also manage the business from Asia-based investors to global hedge funds outside the region. Based in Hong Kong, Tabar will be reporting to Dan McNicholas, head of Asia-Pacific global markets financing and futures sales. 

 

Previously, he was the co-head of the capital-raising team at PMA Investment Advisors, responsible for developing capital-raising strategies, product development and coverage and servicing of existing institutional investors across client base of fund of funds, financial institutions, family offices, insurance companies and private banks, with a particular focus on Asia and Europe.

 

Tabar joins the US bank following its appointment of Stuart Hendel from UBS as head of global prime brokerage in early March.