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Bank of America has appointed Jiro Seguchi to head its brokerage and banking units in Japan from June 1, replacing Tim Latimore.

Seguchi, co-head of global corporate and investment banking in the Asia-Pacific region, will move to Tokyo from Hong Kong to add the new role as country executive for Japan, according to an internal memo obtained by Bloomberg.

In the meantime, Bloomberg News reports that Schroders, Europe’s largest publicly traded fund manager, is adding a team from Brookfield Investment Management that oversees more than $4 billion in assets.

The group of almost a dozen people is led by Michelle Russell-Dowe and focuses on products such as asset-backed securities and mortgage-backed securities, Karl Dasher, chief executive officer of North America and co-head of fixed income at Schroders, said by phone Monday. The unit will join with Schroders’ ABS team in New York, and the combined group will oversee more than $8 billion, according to a statement from the company that didn’t disclose terms.

Bank of America Names Seguchi as Japan Head, Replacing Latimore

Schroders to Add Brookfield Credit Team Managing $4 Billion

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