Tim Leissner will also retain his responsibilities as vice-chairman of investment banking in Asia ex-Japan.
Diao Yang has been hired by the Chinese bank as co-head of investment banking.
A survey shows that Hong Kong finance professionals are more likely to tender their resignation to gain a pay rise than their Asian peers. And that it is highly likely to work.
The bank has also made three other appointments to restructure its distribution franchise and equity derivative business in the region.
BofA Merrill has named Mayank Saxena its head of its Southeast Asia financial institutions coverage.
The appointment is the latest move taken by the US bank to reinforce its China business amid regulators' hiring probes.
The decision to relocate Reid Marsh, one of its most senior investment bankers, to Hong Kong forms part of its effort to restore confidence at the British bank.
Natixis has named Eddie Leung as its Asia Pacific head of insurance.
Sharhan Muhseen has joined Credit Suisse as head of its Southeast Asia financial institutions group, reuniting with former boss Michael Tan who moved from BofA Merrill last year.
Nazir Razak will step down as CEO on September 1 but disruption is likely to be short-lived.
Kit Weng Yip takes over from Kelvin Ho, who had held the position as well as his role as head of investment banking, Southeast Asia.
Philip Partnow, a managing director within UBS China M&A team, and Shaun Treacy, co-head of Asia general industries, have departed the Swiss bank.
Industry heavyweight Mark Slaughter is Citi's new head of corporate and investment banking for Asia-Pacific, replacing Farhan Faruqui who joined ANZ last month.
Marshall Nicholson has resigned as co-head of international investment banking; the latest departure from the Chinese bank.
Rob Sivitilli, JP Morgan’s M&A head for Asia ex-Japan, will retire from banking in July and be replaced by Rohit Chatterji.