Two senior members of Bank of America Corp. (BAC)’s Asia capital markets teams have left the lender, according to two people familiar with the matter.
Michael Luk, Asia-Pacific head of debt capital markets, left earlier this week while Andrew Cooper, head of corporate finance and structured equity-linked products, quit at the beginning of the month, the people said, asking not to be identified as details are private. Both were based in Hong Kong and are not expected to be replaced, the people said.
Bank of America is ranked as the No. 4 arranger of bond sales in dollars, euro or yen in Asia-Pacific outside of Japan this year with a 7.8 percent market share, according to data compiled by Bloomberg.
Rob Stewart, a spokesman for Charlotte, North Carolina- based Bank of America, declined to comment when contacted by e- mail at his office in Hong Kong.
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