Bank of America has appointed Dominic Tan as head of Southeast Asia investment banking, according to an internal memo, in a move that will see the senior banker relocate to Singapore in the third quarter of 2026. Tan will retain his existing role as head of Asia Pacific consumer and retail investment banking alongside the new mandate, giving him a broad dual coverage remit across the region.
The appointment follows the departure of Antonio Puno, who is relocating to London to join Bank of America's EMEA financial sponsors investment banking team. Tan will report to Peter Guenthardt, head of Asia Pacific corporate and investment banking, and to Martin Siah, head of Southeast Asia corporate and investment banking and Singapore country executive. The reporting lines position him within both the regional country and pan-Asia leadership structures.
DUAL COVERAGE MANDATE
Combining the Southeast Asia regional leadership role with continued responsibility for the Asia Pacific consumer and retail investment banking franchise gives Tan an unusually broad remit. Consumer and retail is one of the busiest sectors in Southeast Asian dealmaking, spanning food and beverage, apparel, e-commerce and other segments that have attracted significant private-equity and strategic interest across the region as household consumption grows.
The dual coverage model also reflects Bank of America's broader push to align sector expertise with country coverage in Asia Pacific. Tan, who joined the bank in 2020, has built a track record in the consumer and retail space that the firm evidently intends to leverage across Southeast Asia even as he assumes broader responsibilities for advisory and financing activity across markets including Singapore, Indonesia, Malaysia, Thailand, the Philippines and Vietnam.
Bringing dual sector and geographic accountability under a single senior banker is a model that some peer firms have also used to strengthen coordination between coverage teams and to sharpen accountability for client outcomes in the region.
PUNO MOVES TO LONDON
Puno's move to the EMEA financial sponsors team in London represents a lateral transfer within the investment banking franchise. Financial sponsors coverage remains a critical part of the global investment banking wallet, and staffing that team with senior bankers who have Asia Pacific experience can help the firm secure cross-border mandates for portfolio companies that operate across regions or that are being marketed to Asian institutional investors.
For Bank of America, the reshuffle underscores the strategic importance the firm places on Singapore as a regional hub for Southeast Asia coverage. The city-state has continued to attract senior appointments from global investment banks as they look to deepen relationships with sovereign wealth funds, family offices and Southeast Asian corporates, many of which have been increasingly active in cross-border transactions across the region.
Tan's move to Singapore is expected to be completed in the third quarter, according to the memo. Neither he nor Puno has commented publicly on the appointments, which remain subject to the internal transition arrangements typical for senior investment banking moves. The bank has not disclosed any further changes to its Asia Pacific investment banking leadership structure at this stage, and the incumbent leadership team in the region otherwise remains in place.