Long reluctant to expand outside the United States after extricating itself from the international debt crisis of the mid-1980s, BankAmerica Corp. is back on a roll in Asia.

"The Pacific area is where new wealth is being created," says Kai S. Nargolwala, group executive vice president in charge of wholesale banking in Asia. "We sit astride that flow of wealth, and if we can tap into it that's where our growth will come from."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.