promotion

Jerome Leleu takes a step up from his Southeast Asia ECM job and Mille Cheng returns from Barclays, while Justin Haik moves to a senior client coverage role. Alex Abagian is promoted to head of equity syndicate.

Shane Gunther and Taichi Takahashi will take joint responsibility for the equities business in the region as CJ Beshke retires.

The former finance chief of Hong Kong-listed Alibaba.com will replace Joe Tsai as group CFO, while Tsai takes on a new role as executive vice-chairman.

The Alibaba Group veteran will take over from founder Jack Ma who will focus his energies on the more strategic role of executive chairman.

The promotion comes after Kendall plays an instrumental role in moving the firm’s Asian ECM business in a new and significantly more profitable direction in the past year.

Current head of ECM for Asia ex-Japan Mark Williams is promoted as Patrick Schmitz-Morkramer decides to take a break from the industry.

Soofian Zuberi, who is currently head of global market sales for Asia-Pacific, will relocate to New York for his new job.

Bank of America Merrill Lynch announced this morning that Matthew Koder has become president of its Asia-Pacific business.

While stepping up to lead the ECM effort in Asia-Pacific, Justin Haik will retain his existing role as head of equity syndicate and Ronnie Potel will remain head of equity-linked origination.