DBS Nabs Band Of Derivatives Pros From J.P. Morgan Chase

  • 15 Jan 2001
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DBS Bank, Singapore's largest local bank, is rapidly building its treasury operations with more than 10 new hires expected over the next two weeks, many of them derivatives professionals from J.P. Morgan Chase. DBS has within the last year or so set up foreign exchange, interest-rate, equity and credit derivatives teams (DW, 11/29/99), in a bid to become a regional player. Water Cheung, managing director and head of derivatives, treasury and markets in Singapore, said regulatory changes by the Monetary Authority of Singapore last month allowing interbank trading of Singapore dollar/U.S. dollar options look set to boost that market considerably, making now a good time to hire. DBS is also considering hiring derivatives marketers in Thailand, and has hired several professionals in Hong Kong over the past three months, he said. He declined to elaborate.

Peck Kwan Yip, institutional foreign exchange sales professional at Chase, joined as an institutional foreign exchange derivatives sales professional late last month, according to an official at DBS in Singapore. A further two hires in the foreign exchange derivatives team are also imminent.

DBS also plans to expand its newly created credit derivatives team with the addition of two or three professionals by the end of February, according to Sandeep Gill, head of structured credit products in Singapore. He is currently the only member of the team.

A trader in Singapore said that traders are piling out of Chase because they are concerned about their future there following Chase Manhattan Bank's merger with J.P. Morgan. To many traders in Singapore, DBS looks attractive as it is known to be expanding and is reportedly paying over the odds for good talent.

  • 15 Jan 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%