Lanny Lim has become the latest addition to ABN Amro's efforts to strengthen its fixed income team in Asia. Lim has been appointed to head up Asian credit research in the bank's Global Financial Markets (GFM) business, having previously run a team of analysts at Deutsche Bank in Hong Kong. At AB ts issued and traded in local debt markets, and will report to Julia Peach, the London based global head of credit research and David Wong, head of GFM Asia in Singapore. Lim is also based in the bank's Singapore office.
"The appointment at ABN is interesting for me as there is a business building opportunity here," said Lim.
"We are trying to be more innovative than Deutsche Bank, which offers looks at all bonds in all markets. Instead of that approach, we are looking to be opportunistic and to cover more specific areas.
"The push for increased sophistication is part of ABN's global growth of the credit team and desire to deliver even higher quality research."
Lim is responsible for a team of three research analysts in Singapore and one more in New York. He joins ABN after having taken an 18 month sabbatical from Deutsche Bank. Lim had been Asian head of credit research at Deutsche Bank for just under a year as well before his departure.
He started working at Deutsche after the merger with Bankers Trust, where he had been working as a vice president for research.
Lim's appointment follows a recent hiring spree on the fixed income side by ABN Amro in Asia.
The bank has already brought in Swaroop Rasik Patel from JP Morgan as director, Asian debt markets origination in Hong Kong, appointed Anup Kuruvilla to be group vice president, Asian debt markets origination in the Singapore office from his previous position in Citigroup/Salomon Smith Barney and brought Stephen Laughton from CSFB as deputy head of trading Tokyo.
With the appointment of Lim, ABN Amro now boasts a global credit research team of 28 people.