Bank of America has reportedly appointed new co-heads of equity capital markets in Asia Pacific.

Bank of America appoints Akshay Sawhney and Kevin Su as co-heads for equity capital markets (ECM) in APAC, according to a «Bloomberg» report citing an internal memo.

Sawhney succeeds Anvita Arora, who is relocating back to the UK, while Su replaces Tucker Highfield, who is retiring from the industry.

Su joined Bank of America in 2002 in New York before moving to Hong Kong two years later. He was most recently vice chairman of Asia ECM and head of China ECM. Sawhney joined the bank in 2012 and was most recently its head of capital markets solutions for APAC.