Merrill Lynch has appointed Albert Lee as chief executive and chairman of Taiwan, as it sees budding business opportunities in the territory. Lee has been division director of the Global Private Client (GPC) Asia-Pacific division since 2002.
In this newly created role, Lee will represent the bank on local committees and regulatory as well as policy bodies. He will also play a key role in facilitating cooperation across departments. He remains a member of Merrill Lynch's Asia-Pacific region executive committee.
Lee spent the early years of his Merrill Lynch career focusing on the Taiwan market, joining in 1990 as a sales executive before becoming general manager of the Taiwan private client group in 1992. In 1997 he became Taiwan market manager, with additional responsibilities of overseeing all of the bank's businesses in Taiwan. (Source: Yi Tin Chak, FinanceAsia.com, Aug 29, 2007).