People on the move – July 10

Asiamoney PLUS highlights the latest job changes from across the fixed income and financial markets.

  • 10 Jul 2013
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BNP Paribas poaches HY bankers from StanChart

Yung Tan, the former director and head of Northeast Asia and Greater China high yield product group at Standard Chartered, joined BNP Paribas last week as the head of North Asia high yield capital markets at a managing director level.

Tan, who left Standard Chartered in April, will continue to be based in Hong Kong, confirmed sources with knowledge of the appointment. He reports to Sameer Sopori, a managing director and the head of high yield capital markets, Asia Pacific. He is based in Singapore.

Sopori assumed his own role at BNP Paribas in November. He also previously worked for Standard Chartered, as its global head of the high yield product group, where Tan reported to him.

In addition, Shu Duan, who was an associate director in Standard Chartered's Northeast Asia and Greater China high yield product group reporting to Tan, also left the bank prior to Tan. He also joined BNP in early June, focusing on high yield and private debt financing in his new role.

A representative from BNP Paribas declined to comment and Tan could not be reached for comment.

StanChart’s head of Singapore capital markets heads to OCBC

Tan Kee Phong, the director and head of capital markets at Standard Chartered Bank in Singapore, has resigned from his position and is joining OCBC in a senior capital markets role, say sources with knowledge of the move.

Tan is expected to work above OCBC’s co-heads of capital markets, Sim Buck Khim and Mark Lee. He will report to Gan Kok Kim, head of global treasury and investment banking at OCBC, say the sources.

Tan’s appointment follows the departure of two other directors from Standard Chartered Singapore’s capital markets deskDonna Kng andLay Hoon Khoofor OCBC in the past two months.

A representsative at Standard Chartered confirmed the departures. A representative from OCBC declined to comment.

StanChart’s Szekely goes to SEA following staff departures

The bank has shifted Peter Szekely, global head of its high yield product group, from Hong Kong to Singapore to head DCM in Southeast Asia and made Aaron Russell-Davison acting regional head of capital markets in Southeast Asia.

Rob Mason, head of the bank’s Southeast Asia high yield product group, will succeed Szekely as global head of high yield DCM while Singapore-based Russell-Davison adds his new role to his duties as Standard Chartered’s global head of bond syndicate.

Russell-Davidson only assumed his existing role in March after former head of bond syndicate Cristian Jonsson was elevated to become global head of loan syndications after following the retirement of Philip Cracknell retired from the position.

The appointments became effective on July 5, said Standard Chartered.

JPM’s Mangla leaves Asia for EMEA ECM role

Achintya Mangla, JP Morgan co-head of equity capital markets in Asia ex Japan and Australia, is relocating to London to take on the role of co-head of ECM for EMEA.

Achintya will succeed Ina De, who was promoted to a new job of co-head of UK investment banking in June, and will partner with Klaus Hessberger who has worked as co-head of ECM in EMEA for the past five years, according to an internal memo seen by Asiamoney’s sister publication, EuroWeek Asia.

Both Achintya and Klaus will report to Liz Myers, the New York-based global head of ECM, and also report in the region to Vis Raghavan, head of banking in EMEA.

Mangla first joined JP Morgan in 2002 as part of the equity linked origination team. In May 2010 he resigned as head of the convertible bond division and was due to join Bank of America Merrill Lynch as head of southeast Asia ECM. But JP Morgan managed to convince him to stay, promoting Mangla to his current role as Asia ECM co-head.

Details about a replacement for Mangla are yet to be confirmed but David Suen remains co-head of ECM Asia ex Japan and Australia and Jeffrey Zajkowski continues as head of ECM Asia Pacific, Euroweek Asia understands.

DB hires FIG specialist Tan from Goldman

Deutsche Bank has hired Goldman Sachs’s head of southeast Asia financial institutions group, Tan Boon-Kee, as its new head of client coverage for the region.

Tan, a former managing director at Goldman Sachs, will be based in Singapore and will also assume the responsibilities of head of corporate finance for Singapore as well as manage the bank’s southeast Asia financial institutions group.

She leaves Goldman Sachs after six years having joined from Singaporean bank DBS. No official word has yet been released on when Tan will start in her new role.

HSBC promotes two in Asia DCM

Daniel Kim has been named head of financial institutions, debt capital markets (DCM) Asia at HSBC. The role is new and Kim will work with local DCM teams as well as the financing solutions group and the financial institutions group in global banking.

He has worked for the bank since 2007 in both Seoul and Hong Kong. He moves to his position from the high yield bond origination team. In addition to his new role he will continue to work on Philippine and Vietnamese cross-border issuance. He will report locally to Stephen Williams, head of debt capital markets for Asia Pacific and functionally to Alexi Chan, head of DCM origination for Asia.

Meanwhile, Tim Yip has been named head of cross border renminbi DCM for Asia Pacific. He will work with both Asian and global issuers looking to issue in the offshore RMB markets.

He will also continue to cover several Hong Kong issuers for both local and cross border financing as well as Taiwanese names for cross border issuance. He will report locally to Gina Tang, head of DCM for greater China and functionally to Chan.

Phillips to head G10 FX options at Nomura

Glenn Phillips has joined Nomura as head of G10 FX options, based in Singapore. He will report to Colin Holdstock, head of FX options for Asia ex-Japan.

He joins the firm from J.P. Morgan where he was head of complex option trading in the global commodities group. Before this he spent three years as a trader at Citi where he helped to build a correlation and structured product business. He has also worked at Merrill Lynch.

UBS builds out Japan equity sales and trading

Philip Denham has joined UBS as executive director, head of cash trading Japan. He has more than 20 years trading experience, with the last 14 based in Tokyo, and he joins the bank from Citi where he headed Japanese equity trading.

Before this he worked for J.P. Morgan and Merrill Lynch. In his new role he will report to Nick Carrigan, head of Japan cash trading and execution (CTE) locally as well as to Paul Redbourn, head of Asia Pacific cash trading, according to an internal memo seen by Asiamoney PLUS.

Takayuki Inoue will also join the team from UBS Global Asset Management. Inoue will report to Denham. Seth Moran has joined the bank from Barclays Capital Japan as director in sales trading. Before Barclays, he worked at Nikko Citigroup, Deutsche Securities and Daiwa Securities DMBC. He reports to Nick Carrigan.

On the sales side, Jonathan Pool has joined Japan equity sales, reporting to Hiroshi Udagawa, head of Japan equity sales. Pool has worked as a senior salesperson in Japan for more than 17 years at firms including Mizuho Securities and Morgan Stanley.

Kaori Yuhara joins the corporate access team at UBS from Deutsche Securities where she worked since 2008. She has also worked at J.P. Morgan, Nikko Citigroup and Lehman Brothers.

Megumu Murata has also joined the bank in New York as a Japan specialist with the Asia Pacific equity sales team, reporting to Simon Rebbechi, head of Asia Pacific equity sales for the US. Murata joins from Mizuho Securities where she worked for seven years in New York and Tokyo.

Finally Gosuke Sakamoto has rejoined UBS as director, direct execution services (DES), reporting to Owen Tomlin, head of Japan DES. Sakamoto worked for nine years at UBS in the equities IT team and most recently at Mizuho Securities.

Moloney to head global FX investor sales at ANZ

ANZ recently appointed Tim Moloney as the global head of FX investor sales, based in Singapore. He joins the bank from Barclays where he was most recently managing director, responsible for Asia real money and global central bank sales. Before this he headed UK real money and central bank sales.

Before working for Barclays he was at Citi for seven years and at Deutsche Bank until 2002. At ANZ he replaces Thomas Mummert, who left the bank in January.

BoA-Merrill in GTS hires

Jennifer Boussuge has been named head of global transaction services (GTS) for EMEA at Bank of America Merrill Lynch. She has worked for the bank in a number of roles for 19 years, most recently as head of global sales for GTS. She has been based in London since 2010.

In her new position she will continue to report to Paul Simpson, head of GTS. In other news, Pauline Banks will become senior product manager for global custody and agency services, according to an internal memo seen by Asiamoney PLUS.

She will report directly to Ivo Distelbrink, head of Asia Pacific GTS as well as to Stephanie Colaric, global custody product head in New York. Banks has worked in financial services for more than 25 years.

She last worked at J.P. Morgan where she headed the network management function for Asia Pacific, covering global custody, prime services, clearance and collateral management as well as the investment bank and the treasury services businesses.

Cheng to head Asia TMT at BoA-Merrill

Winston Cheng has joined Bank of America Merrill Lynch as head of Asia technology, media and telecommunications (TMT) investment banking.

He will be based in Hong Kong and will report to Jayanti Bajpai and Jiro Seguchi, co-heads of Asia Pacific global corporate investment banking (GCIB) and Chet Bozdog, co-head of global TMT.

He joins the bank from Goldman Sachs, where he was head of Asia ex-Japan technology. Between 2011 and 2012 he also headed up the Asia ex-Japan consumer retail group. He joined Goldman Sachs from Citigroup, where he was a director in the Asia TMT group after working in the New York and Palo Alto offices.

Lee named Asia CFO at Barings

Eric Lee has joined Baring Asset Management (Barings) in the newly created role of chief financial officer for Asia. He is based in Hong Kong and reports to Julian Swayne, chief financial officer at Barings and Gerry Ng, chief executive officer for Barings in Asia.

The role was created following the firm’s acquisition of SEI Asset Korea earlier this year to create Barings Korea. Lee joins from BlackRock where he was finance controller for Asia ex-Japan since 2007. He joined Blackrock from Value Partners where he was senior finance manager.

Yeh joins BNY Mellon IM as MD

Albert Yeh has joined BNY Mellon Investment Management as a managing director. He will be based in Hong Kong and report to Jane Caire, head of strategy and development, product and marketing for BNY Mellon’s Asia Pacific investment management business.

The role is a new one and Yeh will work alongside Caire. He joins the company from BlackRock where he was managing director and chief operating officer for Asia Pacific iShares, and Asia ex-Japan retail. He also led the iShares product development team.

Before BlackRock he worked at Bank of America Merrill Lynch global markets for more than 10 years, as managing director. He held various positions including chief operating officer for Asia Pacific equities and Asia Pacific fixed income, currencies and commodities (FICC), based in Hong Kong and Tokyo. He has also worked for Pricewaterhouse Coopers Consulting and J.P. Morgan Securities.

BNY Mellon hires Speciale from Capital International

Mark Speciale has joined BNY Mellon as head of institutional distribution for Asia Pacific within the investment management business. He will be based in Singapore and report to Alan Harden, chief executive officer for Asia Pacific investment management, as well as to PeterPaul Pardi, London-based head of global distribution for investment management at the bank.

Speciale’s role is a new one and he will focus on sovereign wealth funds as well as pension and insurance companies. He has worked in financial services for over 25 years, with a focus on business development and client services in investment management and capital markets.

He joins the bank from Capital International where he was most recently senior vice president, head of sales and client service, Asia Pacific ex-Japan, based in Singapore. He moved to Asia from the US in 1997 to head up Asia business development for Fischer Francis Trees & Watts.

Baker & McKenzie.Wong & Leow hires tax partner

Dawn Quek has become a partner at Baker & McKenzie.Wong & Leow in Singapore. She was previously a senior associate with the firm and the change will be effective from July 1.

She will focus on helping high net worth families with their tax, trust and estate-planning issues on a multi-jurisdictional basis with a particular focus on onshore and offshore trust structures for inter-generational wealth transfer as well as the launch of family offices.

She will work alongside partner Allen Tan and senior tax consultant Peter Tan.

  • 10 Jul 2013

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Citi 38,857.97 184 9.39%
2 HSBC 38,447.58 227 9.29%
3 JPMorgan 34,744.34 142 8.40%
4 Bank of America Merrill Lynch 28,556.15 119 6.90%
5 Deutsche Bank 18,270.77 72 4.42%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 JPMorgan 13,268.07 33 6.30%
2 Bank of America Merrill Lynch 11,627.56 29 5.52%
3 Citi 11,610.06 30 5.52%
4 HSBC 10,091.34 29 4.79%
5 Santander 9,533.17 25 4.53%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 Citi 13,617.40 57 11.05%
2 JPMorgan 12,607.77 55 10.23%
3 HSBC 9,327.72 50 7.57%
4 Barclays 8,643.78 30 7.02%
5 Bank of America Merrill Lynch 6,561.15 18 5.32%

EMEA M&A Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Oct 2016
1 UniCredit 3,966.12 27 13.01%
2 SG Corporate & Investment Banking 2,805.90 16 9.20%
3 ING 2,549.27 20 8.36%
4 Citi 2,526.98 15 8.29%
5 HSBC 1,663.71 16 5.46%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Oct 2016
1 AXIS Bank 5,944.45 123 18.53%
2 HDFC Bank 3,792.05 100 11.82%
3 Trust Investment Advisors 3,390.86 145 10.57%
4 Standard Chartered Bank 2,299.63 31 7.17%
5 ICICI Bank 1,894.86 51 5.91%