BofA Names Tan Head of Southeast Asia Investment Banking

**Bank of America has appointed Dominic Tan as head of Southeast Asia investment banking, replacing Antonio Puno who is relocating to London.** Tan will retain his role as head of Asia Pacific consumer and retail investment banking and will relocate from Hong Kong to Singapore in the third quarter. He will report to Peter Guenthardt and Martin Siah, signaling a consolidation of leadership in the region. The move is part of a broader leadership reshuffle at the bank, following Alan Lim’s succession as head of Corporate Banking last month.</p><p class="summary-lead">**The appointment reflects a strategic push to strengthen BofA's Southeast Asia franchise amid intensifying competition.** The bank also recently hired Srijith Nair from Goldman Sachs for its Asia financial institutions group in Singapore, underscoring a focus on key growth sectors. Puno, who has over 25 years of experience, played a pivotal role in expanding the client base across M&A, debt, and equity markets. His move to London will support the firm’s financial sponsors team in Europe, the Middle East, and Africa.</p><p class="summary-lead">**This leadership change mirrors a similar reshuffle at JPMorgan Chase, which appointed new co-heads for Southeast Asia investment banking this week.** The parallel moves highlight a broader trend of global banks recalibrating their regional leadership to capture deal flow in Southeast Asia’s dynamic markets. Tan’s dual role suggests BofA is betting on cross-sector expertise to drive growth in consumer and retail banking. **What to watch next:** whether BofA will announce further senior hires or team expansions in Southeast Asia to capitalize on the region’s rising M&A and capital markets activity.