Bank of America has appointed Jiro Seguchi and Jin Su as co-presidents for the Asia-Pacific region, replacing Matthew Koder, who recently became global head of corporate and investment banking.
Bloomberg News reports that Seguchi, country head of Japan and head of corporate and investment banking for the region, and Su, co-head of fixed income, currencies and commodities for the region, will retain their current roles, according to an internal memo on Friday.
In the meantime, Bloomberg also reports Peter Weinberg is set to become chief executive officer of the firm he helped found as Perella Weinberg Partners shuffles its leadership - and potentially the stakes of its partners - in planning for an initial public offering, according to people with knowledge of the matter.
Bob Steel, the former Treasury Department official who joined the investment bank as CEO in 2014, will become chairman, said the people, who asked not to be identified because the decision hasn’t been announced. Chairman Joe Perella, who founded the firm in 2006 with Weinberg, will become chairman emeritus, the people said.