People on the move – November 21

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

  • 21 Nov 2012
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Goldman relocates senior bankers to HK

Goldman Sachs has relocated Stuart Riley, a partner at the firm, from London to Hong Kong to be co-head of macro trading in Asia Pacific ex Japan, effectively immediately.

Riley was previously head of European interest rate swaps trading and co-head of European interest rate products, according to an internal memo seen by Asiamoney PLUS. He will work with the US bank’s current head of macro trading in Asia Pacific, Leland Lim, to manage the business.

Riley has been with the bank since 2000 and elevated to the level of managing director in 2008 and partner in 2010. Prior to his role leading European interest rate products, he worked in hedge fund sales in the bank’s fixed income, currency and commodities division.

In addition to Riley’s appointment, it is understood that another Goldman partner, James Houghton, will also relocate to Hong Kong. Houghton, who was made partner in 2008, previously ran the firm’s macro sales desk, including interest rates and foreign exchange, in New York. He is expected to take a similar role in Asia. Prior Goldman, he worked for UBS Warburg.

Ratliff takes over from Lynne as Asifma chairman

David Ratliff has been named chairman of the Asia Securities Industry and Financial Markets Association (Asifma). Ratliff is currently head of investor sales and relationship management for Asia Pacific at Citi. He replaces David Lynne, head of FX rates, global finance and commodities, Asia, at Deutsche Bank. He will remain on the executive committee and the board at Asifma.

His appointment comes as the company’s board of directors has elected several new officers for 2012-2013. Two vice chairmen have also been named, James Shipton, head of the office of government affairs for Asia Pacific at Goldman Sachs and Christopher Jackson, chief operating officer of the fixed income division for Asia Pacific at Morgan Stanley.

Representatives for the Bank of China, DBS and Standard Chartered have also joined Asifma’s executive committee. Ratliff will focus on the company’s activities in institutional equities and the Chinese markets. Shipton will advise on government relations as well as markets in Southeast Asia and India. Jackson will focus on the fixed income division and the Korean market.

BNY Mellon’s DiCocco to head regional treasury services sales

BNY Mellon has appointed Fred DiCocco as regional head of sales and relationship management for treasury services across Asia Pacific. The role is effective from December 1.

He will continue to be based in Hong Kong, reporting to Alan Verschoyle-King, global head of sales and client management for treasury services at the bank.

DiCocco joined BNY Mellon in 1998 and has been based in Asia for the last twelve years. He moved to Hong Kong in 2006 and since then has worked in a number of roles in the trade and payments arm of the bank. Most recently he was the treasury services Asia Pacific market manager.

Barclays loses two in fixed income

Kok Tong Tan, head of emerging markets FX and non-deliverable forward trading left Barclays in Singapore last week along with Rajat Ray, director and head of EM rates trading

Douglas to leave StanChart next year

Global head of equity capital markets (ECM) David Douglas will leave his role at Standard Chartered at the end of March 2013. He is based in Hong Kong and has worked for the bank for three and a half years.

He has worked in investment banking for 30 years and speculators suggest he is leaving the ECM business, but that he may continue working in the financial industry in some other capacity.

Former Australian senator joins Citi

Nick Sherry, ex-Australian senator and minister for superannuation, has been appointed senior advisor to Citi’s securities and fund services, part of the Citi transaction services division. He will be based in Australia, focusing on Citi’s pension fund clients in Asia Pacific.

He will report to Stephen Roberts, chief country officer for Citi in Australia and David Russell, regional head of Citi’s securities and fund services.

More UBS departures named

As part of UBS’ plans to scale down its fixed income business in Asia, more names have emerged of those that have been cut.

Victor Lin, executive director in yen rates options trading, Mukund Tatipamula, executive director in cross currency basis swaps trading and Vivke Gulati, director in short-end yen rates rating have all left the bank’s Tokyo office, according to Asiamoney PLUS’s sister publication Derivatives Intelligence.

StanChart Private Bank appoints head of NE Asia

Desmond Liu has been appointed managing director and head of private banking for Hong Kong and Northeast Asia at Standard Chartered Private Bank. He will be based in Hong Kong and report to Mary Huen, head of consumer banking for Hong Kong, as well as to Rajesh Malkani, head of Private Bank, East.

Liu has been working in finance for 30 years and his previous positions include head of private banking for North Asia at HSBC Private Bank as well as head of private banking for North Asia and greater China at DBS Bank Hong Kong.

McCombe to take over from Swarbreck at BlackRock

Mark McCombe, Asia-Pacific chairman at BlackRock will take over from Peter Swarbreck, current head of key clients for Asia Pacific, when he retires from the firm at the end of the year.

Swarbreck has worked for the asset manager since 2006, most recently as a platinum accounts executive for Asia Pacific and country manager for Hong Kong. He joined the firm after it merged with Merrill Lynch Investment Managers, where he was head of fixed income business management for EMEA and Apac.

McCombe will take over as head of key clients as well as maintaining his current position as Apac chairman. He will continue to be based in Hong Kong. He joined BlackRock from HSBC Hong Kong, where he was CEO. He replaced Rohit Bhagat. He also worked for HSBC for 24 years.

Oddo opens Singapore branch, hires CEO

Paris-based investment house Oddo Asset Management has opened an office in Singapore and appointed Roy Diao as chief executive officer (CEO). He is charged with hiring both an investment and a sales team, and expects to hire around six or seven to the team over the next year.

Diao was previously managing director at BNP Paribas Investment Partners, after BNP Paribas bought the fixed-income firm Fischer, Francis, Trees and Watt, where Diao was a managing director based out of Singapore.

The French firm specialises in European equities and convertible bonds, and Diao will be charged with hiring specialists in emerging market debt, in particular Asian fixed income. He will report to the firm’s CEO Nicolas Chaput.

Lam joins UBS GAM as Apac credit analyst

Weili Lam has joined the fixed income team at UBS Global Asset Management, as a credit analyst for Asia Pacific, advising portfolio managers globally on credits in the region. He will be based in Hong Kong, with a primary focus on the property trust sector in Apac ex-Australia, according to an internal memo seen by Asiamoney PLUS.

He will report to Ben Squire, head of credit research for Asia Pacific at UBS Global Asset Management. His experience is in high yield, special situations and distressed credit, as well as private equity. Before UBS, he has worked for J.P. Morgan, Warburg Pincus and Clearlake Capital.

Lam’s appointment brings numbers in the credit research team to six. It follows shortly after the appointment of Alton Gwee as fixed income capability manager for pan-Asia.

QIC in further China hire

Australian investment manager QIC has hired James Leong as a senior adviser on China. Leong moves to the firm from China Investment Corporation (CIC) where he was a managing director, working on developing the private equity business.

The move follows the hire of Australia’s former ambassador to China, Geoff Raby in September last year. Raby is based in Beijing and Leong will join him there.

Mayer Brown promotes three partners in HK

Law firm Mayer Brown has appointed three new partners in Hong Kong, as part of a global promotion of 21 lawyers worldwide. The appointments will be effective from January 1.

Alan Chiu, who specialises in intellectual property in Hong Kong and China, banking and finance lawyer Ashley Wong and real estate specialist Wilson Wong will all become partners at the firm.

  • 21 Nov 2012

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 8,935.41 24 14.02%
2 HSBC 7,859.72 26 12.33%
3 Deutsche Bank 7,109.78 16 11.15%
4 JPMorgan 4,850.50 14 7.61%
5 Standard Chartered Bank 3,055.20 19 4.79%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 4,285.53 5 18.23%
2 Deutsche Bank 3,977.43 2 16.92%
3 HSBC 3,768.59 4 16.03%
4 JPMorgan 2,812.07 8 11.96%
5 Bank of America Merrill Lynch 1,803.06 7 7.67%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,236.25 7 20.59%
2 HSBC 2,253.75 3 14.34%
3 Deutsche Bank 1,703.96 4 10.84%
4 Standard Chartered Bank 1,518.77 3 9.66%
5 JPMorgan 1,341.27 2 8.53%

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 ING 3,668.64 29 9.07%
2 UniCredit 3,440.98 25 8.50%
3 Sumitomo Mitsui Financial Group 3,156.55 13 7.80%
4 Credit Suisse 2,801.35 8 6.92%
5 SG Corporate & Investment Banking 2,478.18 21 6.12%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 126.67 2 7.81%
2 Sumitomo Mitsui Financial Group 81.25 1 5.01%
2 SG Corporate & Investment Banking 81.25 1 5.01%
2 Morgan Stanley 81.25 1 5.01%
2 JPMorgan 81.25 1 5.01%