Bank of America Corp. 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.
Latimore will become the head of Asia-Pacific wholesale credit business, according to the memo. Tsukasa Noda, a Tokyo-based spokesman at Bank of America’s Merrill Lynch Japan Securities Co. unit, confirmed the contents of the document. Seguchi joined Merrill Lynch in 1999.