The transitions units of BNY Mellon and JP Morgan are the latest to be affected, against a backdrop of reduced activity in the industry and lawsuits against other providers.
Recent lawsuits involving transition managers in the UK and US are seen as likely to have a knock-on effect globally, including in the Asia-Pacific region.
The bank has moved to centralise transition management resources in response to sluggish industry flows, cutting its Asia-Pacific head of TM, Tom Wyse.
Layoffs of transition management chiefs continue in Asia, underlining the problems faced by this business worldwide.
The Korean central bank has chosen a group of transition management providers as asset owners push for greater transparency on transition costs.
Another regional transition management boss moves on amid what some say is a quiet market for changes to portfolios.