Frank Gong will retire from JP Morgan after about a year as the US bank's chairman of China investment banking.
US investment bank opens office run by industry veterans as Australian markets deal with falling commodity prices and growing economic uncertainty.
Move comes after the US investment bank landed a string of high-profile deals and further integrated its China teams.
The bank's latest internal shuffling comes nearly two weeks after its Hong Kong CEO left.
Peng becomes global chief economist at China’s largest securities house, responsible for promoting research in domestic and international markets.
Citi’s Greater China head of corporate and investment banking Roger Zhu has retired. Chris Laskowski is interim head.
Yash Kaman becomes sole head of natural resources for Asia at Deutsche Bank after Nicholas Taylor, previously co-head, left the bank at the end of last year.
US bank relocates global head of wealth management and insurance at the consumer bank from New York to Hong Kong, reflecting rise of Asian consumer.
The Hong Kong chief executive, who has been with HSBC for nearly two decades, will leave the bank in a month's time.
Citi’s DCM veteran Duncan Phillips has been promoted to managing director as the bank continues to shore up business in the Asia bond space.
The bank transfers a senior banker to head M&A in Asia-Pacific, partly replacing Stephen Gore who left in 2012, as M&A volumes pick up in the region.
Paul Early and Richard Satchwell replace Tim Lindley, who left the company last month.
The US bank is restructuring its China investment banking team to adapt to its new China strategy.
The veteran China dealmaker, nicknamed the grandfather of China's capital markets, may leave investment banking.
Citi has hired Arvind Vashistha as its head of equity capital markets for India from UBS.