People on the move – April 24

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

  • 24 Apr 2013
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BoA-Merrill hires UBS’ Wang as head of credit sales

Bank of America-Merrill Lynch (BoA-Merrill) has hired Justin Yang as head of Asia Pacific ex Japan credit distribution at a managing director level, joining from UBS where he had been head of credit sales for the past two and a half years.

At Boa-Merrill, he is charged with overseeing regional credit and loans special situation group (LSSG) credit distribution and reports to Joydeep Sengupta, head of Asia Pacific ex Japan fixed income, currency and commodities (FICC) sales and structuring, according to an internal memo obtained by Asiamoney PLUS.

It is understood Yang will assume some of the duties left by Edward Wu, who exited his role as managing director and head of credit and special situation sales on March 19. A spokesperson for the bank noted that Yang’s role differs from Wu’s as he focuses more on local market businesses in the region. Yang is based in Hong Kong and started on April 15.

Asiamoney PLUS broke news on January 15 that Yang had left UBS. He joined the bank at a managing director level in July 2010 from Citi to take on the role of co-head of credit sales for Asia with Ben Jones, who himself joined the bank at the same time from Goldman Sachs.

In 2012, Yang became the sole head of credit sales for Asia, which included leading Asia credit distribution and third-party sales for private bank coverage. Jones remained at UBS in another role with the FICC team. Previously at Citi, Yang was head of regional credit sales, also based in Hong Kong. He had worked his way up the ranks at Citi as a high yield credit trader.

Deutsche’s greater China CMTS head leaves for Goldman

Richard Li, head of Greater China’s capital markets treasury solutions at Deutsche Bank, has left to Goldman Sachs to lead the firm’s China FICC team.

Li will be joining Goldman Sachs in a managing director role in the summer to head China fixed income, currencies and commodities (FICC) sales in Hong Kong, according to a source familiar with the matter. The official title has not been designated yet.

At Deutsche, Li was head of both capital markets treasury solutions (CMTS) for greater China and also led the institutional clients group (ICG) for China debt. He reported to Venky Vishwanathan, head of capital markets treasury solutions for Asia as well as co-head for corporate finance in Asia.

Oliver Brinkmann will be assuming Li’s role of head of CMTS greater China. He was most recently the head of CMTS Hong Kong and China, and has been with the bank for nearly a decade in a number of roles related to Deutsche’s China business including head of corporate banking coverage for APAC, and COO for Deutsche Bank China.

In the CMTS greater China role, Brinkmann will continue to report to Vishwanathan. For the ICG China debt role, the new co-heads will be John Fei and Guo Ying. They will report to Marzio Keiling, who is in charge of Asia Pacific’s institutional clients group. Both Deutsche Bank and Goldman Sachs declined to comment on Li’s move.

StanChart hires in FX, FIs and India

Chris Allington will move to Singapore to take on the role of global head of FX at Standard Chartered. He moves to the role from his position as head of FX, West and FX options, based in London.

He joined the bank in 2010. He continues to report to Nitin Gulabani, global head of FX, rates and credit. The appointment is effective immediately.

Neh Thaker joins the bank as global head for options and platforms, from Bank of America Merrill Lynch, where he was most recently in a similar global role for structured products. His new job at Standard Chartered is a newly created role. He will also be based in Singapore, reporting to Gulabani.

Petter Sternby has also joined the bank as head of Southeast Asia financial institutions (FI) strategic coverage. He is based in Singapore, reporting to James Pearson, global head of FI strategic coverage.

He joins from Nomura where he led the Asian financial institutions group (FIG) team. Before this he was head of Nordic investment banking at Lehman Brothers in London and has also worked at Morgan Stanley for 12 years.

In other news, Sumit Choudhary will take on the role of head of emerging companies research, India. He will be based in Mumbai, reporting to Jeremy Sutch, head of emerging companies research and Rahul Singh, head of equity research for India.

He joins from Och-Ziff where he worked on the buyside for seven years. Before this he worked in the investment banking division of Citigroup in India, in private equity capital raising and M&A.

BlackRock names Apac head of global capital markets

Scott Greenberg has joined BlackRock as Asia Pacific head of global capital markets (GCM). He is based in Hong Kong and his role was effective April 15. He reports to Steve Sterling, head of global capital markets and Marc Desmidt, Asia Pacific head of alpha strategies.

Greenberg joins from Morgan Stanley in New York, where he was chief operating officer for equity financing products (EFP).

Before this he worked in senior debt and equity capital markets roles in the investment banking division of Morgan Stanley in New York and was head of equity syndicate at Morgan Stanley Hong Kong.

Shaw chief marketing officer at Prudential

Anthony Shaw has taken on the role of chief officer for marketing and customer service, effective April 1. He reports to Derek Yung, chief executive officer at prudential Hong Kong.

He has worked at Prudential Corporation Asia for 13 years in a number of roles. Most recently he was regional director for channel marketing.

RBC Wealth Management in new hires

Over the last few months, RBC Wealth Management, Asia, has made several hires. Joseph Howe has been appointed co-head of credit. He will report to Andrew Turczyniak, managing director and head of RBC Wealth Management for emerging markets, Asia. He joins the bank from Deutsche Bank where he was in a similar role.

Mona Leong has been hired from Bank Sarasin as senior credit risk manager, reporting to Benjamin Tsai, director and head of credit risk at the firm’s Asian arm.

Enoch Tan will take on the role of managing director, with responsibility for corporate finance advisory and high net worth individuals. He joins RBC from Rothschild and will also report to Turczyniak.

Ropes & Gray appoints capital markets partner

Victoria Lloyd is joining Ropes & Gray in its Hong Kong office as a partner. Her focus is on equity capital markets and M&A. She was previously a partner at Fried Frank, also based in Hong Kong.

  • 24 Apr 2013

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 3,599.18 10 11.11%
2 HSBC 1,925.24 7 5.94%
3 Bank of America Merrill Lynch 1,736.50 8 5.36%
4 Itau BBA 916.67 2 2.83%
5 Bradesco BBI 900.00 2 2.78%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,421.53 5 33.29%
2 HSBC 937.89 2 12.90%
3 Itau BBA 916.67 2 12.60%
4 Bradesco BBI 900.00 2 12.37%
5 Morgan Stanley 800.00 1 11.00%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Standard Chartered Bank 295.00 1 32.24%
1 HSBC 295.00 1 32.24%
1 Credit Agricole CIB 295.00 1 32.24%
4 Mitsubishi UFJ Financial Group 30.00 1 3.28%
Subtotal 915.00 2 100.00%

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
  • Today
1 UniCredit 4,163.05 29 12.35%
2 ING 3,184.83 25 9.45%
3 SG Corporate & Investment Banking 2,911.64 17 8.64%
4 Citi 2,741.75 18 8.13%
5 HSBC 1,822.32 18 5.41%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jan 2017
1 State Bank of India 119.94 1 19.52%
1 Standard Chartered Bank 119.94 1 19.52%
1 Mitsubishi UFJ Financial Group 119.94 1 19.52%
1 DBS 119.94 1 19.52%
1 Citi 119.94 1 19.52%