Ivo Distelbrink departs Citi for Bank of America Merrill Lynch

Ivo Distelbrink, Citi's head of treasury and trade solutions for Asia-Pacific and Japan, has left the bank and will start at Bank of America Merrill Lynch in March.

Citi confirmed his departure but would not comment on who his replacement will be except to say that it will be announced soon. Sridhar Kanthadai, managing director and Asia-Pacific chief operating officer of Citi global transaction services, will be acting treasury and trade solutions head in the interim.

Distelbrink will join Bank of America Merrill Lynch as Asia head of global treasury services, BoA Merrill said. He will be based in Hong Kong and report to London-based Joel Van Dusen, deputy head of global corporate...