Bank of America (BofA) has appointed Yuta Komori as its new chair of Asia Pacific global industrials investment banking, Reuters has reported.

Citing an internal memo it has reviewed, the newswire stated that Komori will oversee BofA’s industrials across Asia, alongside newly appointed co-heads of the group Meng Gao ​and Masashi Toda.

Komori is currently co-head of Japan investment banking at BofA and Reuters said the memo made clear he will continue to fulfil the responsibilities of this role.

Reuters approached BofA but a spokesperson declined to comment.

BofA is undergoing an extensive leadership shuffle, having recorded four senior departures in August. On 5 August Reuters reported that Rohan Sen, managing director for technology investment banking at BofA, is leaving to take on a role at Citi. Five days later, the newswire reported the bank’s co-head of investment banking Mike Joo is also on his way out.

Separately, the Financial Times reported on 5 August that that JPMorgan Chase has poached Amy Lissauer, global head of activism and raid defence at BofA.

At the same time, the bank has hired a slew of new senior staff, having added nine veteran bankers in July alone.

This included ex-BMO Capital Markets head of regional investment banking Rick Florjancic, who will head up BofA’s Chicago office, and Joe Park, former head of global strategy at battery firm SK On and a veteran of Barclays and Goldman Sachs, who will take on the role of managing director in Detroit.

On 3 August, BofA announced plans to acquire the UK information security consultancy MDSec Consulting Limited, to expand its global cybersecurity capabilities. The deal, which is progressing at an undisclosed price and subject to regulatory approval, will bring the Macclesfield firm’s 65 cybersecurity specialists in-house at BofA.

As part of its expansion into new Asian markets, BofA has also announced it will acquire up to a 49.9 per cent in Jio Credit Limited. BofA expects the subsidiary of Jio Financial Services to open a door to the Indian market, to which the bank hopes to bring its financial expertise.

The deal is expected to cost 182.68 billion rupees ($1.9 billion).

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