Kim Man Li has been appointed director and head of product development for Asia Pacific equity execution services at Bank of America Merrill Lynch (BAML).
Li previously spent 11 years in a number of roles in electronic trading at Goldman Sachs, most recently head of pan-Asian electronic trading sales.
In his new role, Li will be responsible for the development of BAML's internal and client-facing trading technology and co-ordinating its expansion “into many new product opportunities in Asia”, according to an internal memo.
In addition, BAML's Asian electronic trading coverage team, run by Janice Ko, will now report jointly to Li and Gabriel Butler, head of Asia Pacific electronic trading sales.
Li will report to Ryan Holsheimer, head of Asia Pacific equity execution services, and Roger Anerella, global head of electronic trading.
Justin Short will take on an expanded role as head of algorithmic trading and equity strategies for pan-Asian equities in which he will be responsible for developing trading analytics, automated trading tools and risk management solutions across BAML's pan-Asian cash and program trading business. He will report to Anerella and Gene Reilly, head of execution services, Asia Pacific.