BofA’s Asia Pacific Global Markets Head Loh Boon Chye Is Leaving

Bank of America Corp.’s head of Asia Pacific global markets, Loh Boon Chye, has decided to leave the firm.

Loh, who was also Asia Pacific deputy president and country executive for Singapore and Southeast Asia, “plans to take a break before deciding on his next endeavor,” according to a March 2 internal memo obtained by Bloomberg News. Mark Tsang, a spokesman for the bank, confirmed the contents of the memo.

The departure comes after Bank of America rose to fourth place among advisers on Asia Pacific mergers and acquisitions in 2014, from 10th place two years earlier, according to data compiled by Bloomberg. Loh joined the firm in 2012 from Deutsche Bank AG, where he spent 17 years and had been the head of corporate and investment banking for Asia Pacific.

Loh is also on the board of Singapore’s sovereign wealth fund GIC Pte and was an independent director of the city-state’s stock exchange from 2004 to 2012, according to Bank of America’s website.

Chris Gammons has been appointed country executive for Singapore and Southeast Asia, in addition to his existing roles as head of Southeast Asia investment banking and Asia Pacific financial sponsors, the memo shows. He will report to Matthew Koder, the firm’s Asia Pacific president.

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