markets. He was APAC head of secondary loans
sourcing at BNP Paribas for nearly three years,
having joined in August 2015.
His previous roles also include three months
with HSBC as head of sourcing, APAC, and
almost five years with Bank of America Merrill
Lynch, starting July 2009, handling distressed
debt and illiquid credit sourcing for non-Japan
Asia.
Before BAML, he was with Lehman Brothers
in Asia for nearly 13 years from November
1995, with responsibility for leveraged loan
syndications and distressed credit sourcing.
CREDIT SUISSE FOUNDER SECURITIES, the mainland
securities joint venture with Credit Suisse as part
owner, has made two research appointments.
The bank said in a statement the appointments
were part of efforts to strengthen its China
A-share research capabilities ahead of the
inclusion of Chinese stocks in MSCI’s benchmark
index.
Li Chen, previously China A-share strategist
at Credit Suisse, has moved to CSFS as chief
strategist to lead its A-share coverage, while
Herman Chan has joined the CSFS research
department as executive director.
Chen, who, in his new role, reports to CSFS CEO
Mingshen Wang, joined Credit Suisse in 2015.
He was previously head of China equity strategy
at UBS Securities, the Swiss bank’s securities JV,
for five years. He was also head of research at
Harvest Fund, the second largest mutual fund
in China. He started his career at brokerage firm
Shenyin Wanguo.
Chan spent 10 with UBS, including seven as
the product manager for Asia research in Hong
Kong and three years as product and business
manager at its JV in Shanghai. He also worked
at HSBC JV HSBC Qianhai Securities as chief
operating officer of the investment banking
department. He reports to Chen in his new job. STANDARD CHARTERED has reorganised
reporting lines for its commercial banking and
private banking businesses after Anna Marrs quit
as CEO of the business in South Asia.
The bank has said Marrs will leave on
September 9 to return to London with another
financial services company.
Simon Cooper, CEO for corporate and
institutional banking, will assume oversightof the commercial banking division, effective
immediately. Cooper was chief executive of
HSBC’s global commercial banking division
before joining StanChart in 2016.
StanChart has said aligning the businesses will
allow it to increase the delivery of transaction
banking, financial markets and corporate
finance products to its commercial banking
clients.
Jiten Arora, head of commercial banking for the
ASEAN and South Asia region, will take interim
responsibility for global commercial banking
business and the bank will appoint a permanent
head later.
Tracy Clarke, CEO for Europe and the Americas,
will oversee the private-banking business,
while Ben Hung, CEO for Greater China and
North Asia and the newly appointed global
retail banking chief, will supervise wealth
management.
Judy Hsu, appointed in October as CEO for
Singapore and ASEAN markets, will take over
as CEO for ASEAN and South Asia on June 1,
subject to regulatory approval.
Hsu will remain Singapore CEO until a successor
is appointed.Please send job moves to
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