Asia IPO Bankers Continue Game of Musical Chairs With BofA Moves

  • Firm appoints Nagata, Highfield co-heads of Asia Pacific ECM
  • Changes follow Credit Suisse, UBS moves revealed earlier

 UBS Group is pictured in Beijing.

Photographer: Lang xinchen/Imaginechina
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The recent game of musical chairs is continuing for bankers selling initial public offerings in Asia, with Bank of America Corp. the latest to announce changes.

The U.S. firm hired 13-year Credit Suisse Group AG veteran Tucker Highfield as co-head of Asia Pacific equity capital markets, it saidBloomberg Terminal Tuesday in an internal memo obtained by Bloomberg. He will work alongside Shu Nagata, who was promoted to Asia Pacific co-head after leading Bank of America’s Japan ECM coverage.