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Barclays Splits Asia-Pac Equities Role After Its Head Retires
Vanessa Doctor
15 May 2014
, the UK banking giant, has named two executives to the newly split role of head of equities for Asia-Pacific with immediate effect, the firm has confirmed with this publication. Vikesh Kotecha continues in his previous role as head of equities trading, but now also co-leads the entire regional equities business. In this Hong Kong-based role, he oversees the risk management and financial resource management arm and reports to Conor Brown, head of markets for Asia-Pacific. The other appointment involves John Chang as head of equities distribution for Asia-Pacific and will move in the summer to Hong Kong from Seoul. He was previously the Korea country manager. He reports to Mike di Iorio, the head of equities distribution who is based in London. Kotecha and Chang replace Nick Wright, who retired in March 2014. The appointments come just a week after Robert Morrice, chairman and chief executive of Barclays Asia-Pacific, retired after 17 years with the company. Morrice leaves at the end of June and will be replaced by Andrew Jones and Eiji Nakai, who will become co-CEOs effective 1 July, subject to regulatory approval. The role of chairman has yet to be filled.