People
&Markets
Daizo Tokuda, head of TOKYO STAR BANK’s
international finance department, corporate
finance division, has left to join Juniper
Networks.
Tokuda started earlier this month at the US-
based networking products developer, where
he is in charge of setting up an operating lease
function in Japan for network equipment and
associated services.
He joined the Japanese regional bank in 2013
from Citibank, where he was a senior export
credit agency finance banker. Chris Marschall has been appointed head of
equity capital markets for Asia Pacific at CREDIT
AGRICOLE.
The French bank said Hong Kong-based
Marschall would report to Aurelien Lasjunies
and Keisuke Kasagi, co-heads of global
investment banking (Asia Pacific), as well as
Olivier Jacquet, global head of ECM.
Marschall moved from CIMB Securities, where
he was last head of ECM and equity syndicate
for North Asia. He was with CIMB from 2012 to
2017. WESTPAC BANKING CORP announced last
Wednesday it had appointed Michael Correa
general manager for Asia Pacific, effective
immediately.
Based in Singapore, he will oversee all of
Westpac’s business operations in Asia and
report to Lyn Cobley, group executive for
Westpac’s institutional banking division.
Correa replaces Bala Swaminathan, who
stepped down at the end of last year.
Swaminathan maintains a position on Westpac’s
Asia advisory board.
Having joined Westpac in 2011, Correa was most
recently head of corporate and institutional
distribution and origination for financial
markets, based in Sydney.
Prior to joining Westpac, he spent 17 years atAustralia and New Zealand Banking Group,
where he was head of global markets for APAC
and global head of structured products and
equity. Former Citigroup chief executive and country
officer for Hong Kong and Macau Weber Lo is
joining property developer HANG LUNG GROUP as
CEO.
Lo quit earlier this month after 18 years with
Citigroup, having become country head in 2013.
He had held various senior consumer business
and marketing roles earlier in his career at the
US bank.
Before turning to banking, he had worked at
Procter & Gamble and Coca-Cola.
Citigroup Asia Pacific CEO Francisco
Aristeguieta praised Lo for having helped in
“breaking down silos” across the bank in a staff
memo IFR has seen.
Lo will take up his new role on May 16. He will
replace Philip Chen, who is due to retire on July
16 after eight years with Hang Lung. Manabu Sawa has joined NORINCHUKIN BANK’s
Australian subsidiary as senior manager –
project and asset finance.
He started his new role in January after leaving
as head of project finance at the Sydney branch
of Mizuho Bank. He was with Mizuho for more
than a decade and spent the last 5.5 years in
Sydney
At his new job, Sawa reports to Norinchukin
Australia managing director Ryuichi Sawada.
Norinchukin, one of Japan’s largest banks
outside the three megas, opened its Sydney
subsidiary last August to focus on project
finance and asset lending in Australia and New
Zealand. The bank has been steadily building a
portfolio of assets, including loans in AusGrid,
TransGrid and Endeavour Energy.
Mizuho has appointed Kazunari Tachihara, a
director in its project finance department inTokyo, to take over Sawa’s role. He will relocate
to Sydney in April. CHINA RENAISSANCE has hired Dennis Leung
as managing director as it looks to capture
more deals from Hong Kong’s burgeoning IPO
pipeline.
Leung, who reports to Jason Lam, president
of China Renaissance International, has over
20 years of experience in investment banking,
particularly in advising on IPOs and follow-on
offerings.
He was most recently with Dongxing Securities
and had also worked at ICBC International and
BoCom International.
“Dennis’ appointment is the latest of several
recent hires to the senior ranks of our
investment banking team and occurs at a critical
time for the Hong Kong market and our role in
it,” said Lam.
“Many companies that had previously
considered New York listings have switched and
are now planning Hong Kong listings. We expect
this trend to pick up if the listing reforms are
enacted.”
Other recent hires at China Renaissance include
Joe Lai, who joined from CIMB and specialises
in healthcare, and Henry Tsai, who moved from
Morgan Stanley. Sergio Morita started last Monday at CREDIT
SUISSE as head of syndication and distribution
for its Asia Pacific financing group, according to
sources and the bank’s internal memo.
Hong Kong-based Morita reports to Carsten
Stoehr, appointed Greater China CEO at Credit
Suisse earlier this year and head of the APAC
financing group.
Morita’s hiring follows the departure of Ashish
Sharma, who quit as head of APAC loan
syndications earlier this month.
Prior to joining Credit Suisse, Morita was largely
involved in loan sourcing from secondary