Lance departs StanChart’s NE Asia DCM desk
Joseph Lance has left his job as a managing director in Standard Chartered’s Northeast Asia debt capital markets team less than seven months after joining the bank, sources close to the bank confirm. It is understood his last day was Friday.
He took up his position at Standard Chartered weeks after being registered to deal and advise on debt securities in Hong Kong on April 25, according to the Hong Kong Monetary Authority’s website. He had relocated from Shanghai to Hong Kong for the role.
Lance joined from Credit Suisse in New York, where he was the head of DCM for oil and gas, power and project finance, also at an MD level. He had worked at Credit Suisse Securities for 11 years from June 2001 to August 2012, according to his registration with the Financial Industry Regulatory Authority (Finra).
He also worked on Credit Suisse’s DCM desk in London from 2001-2004, according to his registration with the UK’s Financial Conduct Authority. Following his departure from Credit Suisse, Lance briefly moved to Shanghai to study Mandarin, a well-placed source said.
A Standard Chartered spokesperson declined to comment on the departure.
BNY Mellon opens Tokyo capital markets business
BNY Mellon has opened an Asia Pacific capital markets business, based in Tokyo, and has hired nine broker-dealer and capital markets specialists to its existing FX services in Tokyo.
The new team is led by Eiichiro (Eric) Masaki who has been appointed as head of Japan capital markets sales and reports to Kazuma Yamashita, head of Japan global markets sales.
Masaki joins BNY Mellon from Société Générale, where he was head of non-yen fixed income flow sales. He has more than 20-years experience in similar roles.
The main focus of the office will be to establish a capital markets business in Japan, as well as working on developing the bank’s involvement in the Asian capital markets space.
Last week the firm was also awarded a capital markets licence by the Monetary Authority of Singapore for a new subsidiary that will provide fund management services in the city state.
As part of the expansion, Wendy Lim, managing director and regional head of business development and marketing for BNY Mellon Investment Management Asia Pacific, assumes the role of chief executive for the new Singapore-based company.
She will continue to report to Alan Harden, CEO for BNY Mellon’s Asia-Pacific investment management business, and will retain her regional responsibilities.
SocGen names Indonesia representative
Jeffrie Korompis has become chief representative officer for Indonesia at Société Générale Corporate and Investment Banking (SG CIB), effective October 16. He is based in Jakarta.
He has over 20 years experience in financial and corporate sectors and has worked in treasury, origination and investment banking as well as mining operations and investments. He reports to Pascal Lambert, head of SG CIB for Southeast Asia, and chief country officer, Singapore.
Before joining the bank, Korompis held senior positions at Barito Mining, Ithica Resources, CIMB Securities Indonesia, Mandiri Sekuritas, Danareksa and ING Indonesia Bank.
Makhan to head India GTS at BoA-Merrill
Meeta Makhan has been named managing director and head of global transaction services (GTS) for India at Bank of America Merrill Lynch. She will be based in Delhi and report to Ivo Distelbrink, head of GTS for Asia Pacific and Kaku Nakhate, president and country head for India at the bank.
Babu Vaidyanathan, head of treasury management, Jayant Mehrotra, head of trade and supply chain finance, and Dhiraj Bajaj, India head of financial institution sales, will continue in their current roles and report to Meeta, in addition to their regional lines of reporting.
Makhan moves to the role from Barclays, where she was head of coverage for the multinational business in India. She previously worked at Standard Chartered and Citibank in senior transaction banking roles.
Crédit Agricole PB hires Asia CEO from BoA Merrill
Hans Diederen has joined Crédit Agricole Suisse as chief executive for private banking in Asia. He will be based in Singapore and work closely with the heads of the Hong Kong and Singapore offices, reporting to Patrick Ramsey, the firm’s new head of the private client division.
He joins from Bank of America Merrill Lynch, where he was head of Southeast Asia wealth management in Singapore. Before this he was CEO Private Banking Asia and country executive for ABN Amro in Hong Kong and Singapore.
Chen to lead Cardif Assurance Vie in Taiwan
Cardif Assurance Vie, subsidiary of BNP Paribas Cardif, the insurance arm of BNP Paribas, has hired David Chen as the general manager of the firm in Taiwan. He takes over from Ruth Wu, who will remain with the company.
Chen was previously vice president of financial services and credit life insurance for AIA Hong Kong. Before this he was vice president of corporate marketing at Nan Shan Life, general manager of ALICO Taiwan, CEO of ACE Life Asia Pacific and COO of CIGNA/CMC Life Insurance.