Banks

Chan was most recently head of the bank's financial institutions group for Singapore and reports to Mark Harding.

With the bulk of its business coming from Asia, Europe’s largest bank is planning for a new leader to take the helm, most likely in 2025.

This new cluster, to be led by Marc Luet, includes the bank's markets in Australia, China, Hong Kong, Japan, Macau, New Zealand, South Korea and Taiwan.

Kunio Watanabe, most recently executive chairman of Nomura Holding America, has become BNY Mellon's Japan country executive and representative for its Tokyo Branch.

Li has previously been head of Greater China for Credit Suisse and deputy head of investment banking, China, at UBS.

The bank's group chief executive said he wants to "pursue a portfolio career going forward", as Q1 earnings beat expectations.

Singapore-based Lee, who has been recently promoted to the bank's global head of investment banking, told FA how private credit is becoming an attractive option for Asia's SMEs.

Issuance hit $14.8bn, according to data from Dealogic, with Citi leading the underwriting league table.

Thakur, who is based in Hong Kong, will add to his role as the bank's head of debt origination in Apac.