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Barclays has appointed John Chang and Vikesh Kotecha to lead its equities sales and trading business in Asia Pacific, a spokesman for the bank said on Tuesday.

Reuters reports that Chang, who was the bank's country manager for Korea, now heads equities distribution for Barclays in Asia Pacific while Kotecha is head of equities trading.

The news agency also reports that Barclays also said on Monday it had hired a Goldman Sachs veteran of 14 years to head up mergers and acquisitions for its Americas financial institutions practice.

The bank said Tom Vandever will be a managing director and is to join the firm in August. Vandever was head of financial institutions at Goldman, where he completed over 100 transactions.

In the meantime, Macquarie Group has named Benjamin Way Asia chief executive officer, replacing Alex Harvey, who will become chairman for the region and global head of principal investments.

Bloomberg News reports that Way, 40, head of Macquarie Infrastructure and Real Assets for North Asia and Russia, will retain his leadership role at the unit in Asia. As investment chief, Harvey succeeds John Hughes, who is retiring after 17 years at Macquarie.

Finally, Kim Ruth, who was drafted from the commercial banking ranks of Bank of America two months ago to take a senior sales management position at Merrill Lynch Wealth Management, is taking a leave of absence from the company.

Reuters reports that Ruth was elevated to the position of Southwest Region executive as part of a broad restructuring of Merrill's sales management ranks in March by John Thiel, head of the brokerage and private banking network owned by Bank of America. The firm has executives in 11 regions.

Barclays names new heads for equity sales and trading in Asia Pacific 

Barclays names head for M&A of its U.S. financial practice 

Macquaire Names Way Asia CEO; Harvey Becomes Investment Head 

Merrill's Kim Ruth leaves after two months in new job

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