The new head of global equities at Bank of America Merrill Lynch has wasted little time in hiring from his old employer Morgan Stanley, hiring two former colleagues to fill senior roles in Europe and the emerging markets.

Michel Sindelar has left Morgan Stanley to join Bank of America Merrill Lynch as head of emerging market equities for central and eastern Europe, the Middle East and Africa and will have responsibility for all aspects of the bank's emerging markets equity sales and trading businesses in the region.