Societe Generale boosts Asia Pacific debt capital markets capabilities with senior appointments in Hong Kong and Singapore
Societe Generale Corporate & Investment Banking (SG CIB) announces two appointments.
Societe Generale Corporate & Investment Banking (SG CIB) announces the appointment of Andy Liu as Head of Debt Capital Markets (DCM) for China and Raj Malhotra as Head of DCM for South-East Asia and India, with effect from 1 August 2014 and 1 September 2014 respectively. The addition of these two newly-created roles is an integral part of expanding the bank’s DCM franchise in Asia Pacific.
Based in Hong Kong, Andy Liu will be responsible for continuing the development of SG CIB’s DCM business in China, a country where the bank has demonstrated some promising successes. In close coordination with its bankers in China, he will leverage on well-established client relationships that the bank has built over the years. Andy will report to Yves Jacob, Head of DCM for Asia Pacific.
Based in Singapore, Raj Malhotra will deliver SG CIB’s full suite of DCM solutions in South-East Asia and India whilst leveraging on the bank’s global investor access. Raj will report functionally to Yves Jacob, Head of DCM for Asia Pacific.
SG CIB has been actively developing its DCM capabilities in Asia Pacific over the years. In addition to the team based in Hong Kong, it has set up a DCM team in Korea in August 2013 which has attained remarkable achievements and has risen to a top 10 league table position within 12 months of entering the market.
Across the region SG CIB has advised on a number of substantial deals this year. Its DCM team helped to arrange a 10-year CNY 500 million senior benchmark issue for China Development Bank in China, a 3-year SGD 60 million fixed rate senior unsecured guaranteed bond issue for Kolao Holdings in Laos, a USD 350 million issue of perpetual notes for Noble Group in Hong Kong, a USD 1.5 billion dual-tranche senior issue for Korea Eximbank in Korea, just to name a few.
This expansion of the DCM platform represents an important step in SG CIB’s ongoing actions to strengthen its credit platform in Asia Pacific and demonstrate the bank’s bullish view on the growth of DCM in the region.
Andy Liu is joining from ICBC International where he was Head of Debt Capital Markets in Hong Kong. Previously, he worked at Bank of America Merrill Lynch in New York as Vice President, Banking - Structured Finance & Origination Group. He held various roles at Merrill Lynch & Co and Deloitte & Touche LLP in New York.
Raj Malhotra is joining from Nomura where he was Head of Debt Capital Markets, South-East Asia. Previously, he worked at UBS Investment Bank in Singapore as Joint Head of Debt Capital Markets, South-East Asia after being the Head of Nordic Debt Capital Markets in UK for two years.