Thain ally leaves Bank of America

Nelson Chai, an ally of John Thain, leaves the post of president of Bank of America's Asia-Pacific operations. Ki Myung Kim Hong takes up the role.

Just five weeks after Nelson Chai was appointed as president of Bank of America's Asia-Pacific operations, he is stepping down.

Ki Myung Kim Hong, BoA's chief risk officer in Asia-Pacific, will take up Chai's job.

Chai worked with former Merrill Lynch chief executive John Thain at the New York Stock Exchange, and then followed Thain to Merrill, so it comes as no surprise that since Thain was pushed out of BoA by chief executive...

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