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Bank of America Merrill Lynch is busy hiring as it looks to regain a reputation as one of the best Asia-Pacific investment banking franchises, a status that Merrill Lynch had earlier in the decade. Having been ranked fifth in 2001 on Dealogic’s league table for core investment banking revenues, with a market share of 6.7%, Merrill Lynch lost some of its focus on investment banking as more profitable activities such as principal investing gained popularity.