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2 women to head Merrill Lynch Japan

Bank of America appointments follow ESG trend in boardrooms

The appointment of Merrill Lynch Japan Securities President Tamao Sasada, left, and Deputy President Reiko Hayashi reflects Bank of America's efforts to foster more female leaders.

TOKYO -- Bank of America appointed Tamao Sasada as president and Reiko Hayashi as deputy president of Merrill Lynch Japan Securities on Thursday, taking the unusual step for a financial institution to place women in the top two leadership posts.

The move reflects its efforts to foster more female leaders, as well as a broader industry push for better governance through such means as boardroom diversity.

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