Bank of America names new Asia Pacific industrials banking leadership team, memo says
BAC•Roles and reporting lines
Gao and Toda will drive growth of the industrials business across Asia Pacific, working closely with country, sector, and product partners to strengthen client coverage and connectivity across the firm's global platform.
Komori will report to Peter Guenthardt, head of Asia Pacific GCIB, while Gao and Toda will report to Guenthardt on a regional basis and to Loli Wu and Justin Anstee, co-heads of Global Industrials Investment Banking, on a global basis.
Gao has been a senior member of the company's China Investment Banking team since joining Bank of America in 2015.
Toda will continue in his current roles as head of Japan Industrials and Natural Resources & Energy Transition Investment Banking, as well as Japan Investment Banking Strategy officer.
Broader investment banking reshuffle
The appointments come as Bank of America continues to adjust its investment banking leadership across key markets and sectors, as it seeks to strengthen client coverage and capture a rebound in dealmaking activity globally.
A Bank of America spokesperson declined to comment when contacted by Reuters.
BofA also hired nine senior bankers across the U.S. to expand its regional investment banking footprint earlier this year, as the lender looks to capture growing demand from middle-market companies.
New Asia Pacific industrials leadership appointments
Bank of America BAC.N has appointed as chair of Asia Pacific Global Industrials Investment Banking (GIG), while naming and as co-heads of the group, according to an internal memo reviewed by Reuters on Wednesday.
