BAML’s Asia-Pacific head of transaction banking, Ivo Distelbrink, has parted ways with the US bank, CT has learnt. A successor has also been announced.
Bank of Tokyo Mitsubishi UFJ has hired Yong Lee Boon to run transaction banking in the region as the lender looks to grow its business in cash and trade.
Pravin Advani has been appointed the US bank’s head of global trade and loan products, replacing Dani Cotti, who left to set up his own transaction banking consultancy.
The US bank has lured former Tyco Electronics treasurer Gourang Shah from Citi to run its solution advisory service for Asia-Pacific. He is set to start in early December.