Bank of America Merrill Lynch said Thursday it named UBS banker Matthew Koder as head of global corporate and investment banking for the Asia-Pacific region in a newly created role, marking the latest departure from the Swiss bank in the region.

Koder, who has nearly 20 years of experience in investment banking and capital markets and who most recently worked with UBS for eight years as head of global capital markets, is one of the biggest hires in the region since annual bonuses were given out by banks in recent weeks.