Zakaria appointed co-president at Merrill Lynch
Mumbai: Mr Arshad Zakaria has been appointed co-president of corporate & institutional client group (CICG) of Merrill Lynch with executive responsibility for the global investment banking, debt, equity and securities services divisions.

Merrill Lynch said that Mr Zakaria and Paul Roy had succeeded Tom Davis as co-presidents. Both will serve on the executive management committee, the apex body of Merrill Lynch & Co Inc.

At 39, Mr Zakaria is one of the youngest Indians to be elevated to this coveted position on Wall Street. The CICG business accounts for almost half of Merrill Lynchs revenues of $27 billion (Rs 1,29,600 crore) last year. A product of Cathedral and John Connon School in Mumbai, Mr Zakaria joined Merrill Lynch in 1987 in investment banking and was named managing director in 1991.

A graduate in Applied Mathematics from Harvard University, he received his MBA with high distinction from Harvard Business School, where he was a Baker Scholar and recipient of the Loeb-Rhoades Fellowship in finance.

Mr Zakaria is the son of Dr Rafiq Zakaria and Mrs Fatima Zakaria.
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