(June 25): Bank of America Corp appointed Dominic Tan as head of Southeast Asia investment banking to replace Antonio Puno who is relocating to London, according to an internal memo.
Tan will retain his current role as head of Asia-Pacific consumer & retail investment banking, according to the memo confirmed by a Hong Kong-based spokeswoman. Puno will join the firm’s financial sponsors investment banking team for Europe, Middle East and Africa.
Tan, currently based in Hong Kong, will relocate to Singapore in the third quarter. He will report to Peter Guenthardt, head of Asia-Pacific global corporate & investment banking and to Martin Siah, head of Southeast Asia GCIB and Singapore country executive, the memo said.
The US bank also recently hired Srijith Nair, formerly of Goldman Sachs Group Inc, to join its Asia financial institutions group in Singapore. He’s expected to start in the third quarter and will report to Michael Evans, head of the division, according to the spokeswoman.
Tan’s appointment marks the latest in a series of leadership changes in Southeast Asia for the lender, following Alan Lim’s succession of longtime executive Victor Leow as head of corporate banking last month.
The move mirrors a leadership reshuffle unveiled by JPMorgan Chase & Co this week, when the bank appointed Kelvin Goh and Alfons Halim as co-heads of Southeast Asia investment banking as Vineet Mishra relocated to London.
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Since joining the firm in 2006, Puno has played a pivotal role in expanding the client franchise across Southeast Asia. He has more than 25 years of experience spanning M&A, debt and equity capital markets, and leveraged finance.
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