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To, based in Hong Kong, was most recently the bank’s co-head of Asia Pacific investment banking.
Prior to joining Bank of America in 2014, he was chairman of China investment banking at Morgan Stanley (NYSE:MS).
To will be pursuing opportunities outside investment banking, said one of the people and a separate source who all declined to be named as they were not authorised to speak to the media.
Bank of America declined to comment.
To referred a Reuters query for comment to Bank of America.
Bloomberg first reported about his departure on Wednesday.
