The executive will take over the sales responsibilities covered by the previous head of Apac derivatives sales and structuring.

Bank of America (BofA) has promoted Navneet Bansal (right) to managing director, head of derivatives distribution for Asia Pacific (Apac), SRP understands. The division was led by Xavier Feschet, managing director, head of Apac equities since mid-2023 who succeeded Olivier Thiriet. Based in Hong Kong SAR, Bansal has worked for the US bank for over 14 years, most recently serving as director, head of Apac flow derivatives sales. In his new role, the senior sales executive will work closely wit