Senior Hires At Singaporean Banks

OCBC Bank Appoints New Corporate Finance Head:

OCBC Bank has announced the appointment of Mr David Cheng as Head of Corporate Finance. With extensive industry experience of more than 20 years, Mr Cheng, 44, helms OCBC Bank’s Equity Capital Markets, Mergers & Acquisitions and Equity Syndication teams.

In this role, he is responsible for growing the Bank’s Corporate Finance business, supporting its clients with both onshore and cross-border equity financing solutions as well as for mergers and acquisitions (M&A) across the region.

Prior to joining OCBC Bank, Mr Cheng was Deutsche Bank’s Head of Corporate Finance Execution for Southeast Asia, where he led the team in the origination and execution of equity and debt capital market transactions, as well as M&A deals across industry sectors in the region.

Mr Cheng’s professional experience includes roles at other global investment banks such as Citi, where he led its Real Estate Investment Banking unit for Southeast Asia, as well as Credit Suisse First Boston and J.P. Morgan. Notable deals Mr Cheng has managed include the Initial Public Offerings (IPOs) of CapitaMalls Asia, Mapletree Commercial Trust and Ascendas India Trust on the Singapore Exchange (SGX); AirAsia on Bursa Malaysia; as well as Agung Podomoro Land and Ciputra Properties on the Indonesia Stock Exchange.

The CapitaMalls Asia IPO in 2009 raised S$2.8 billion, making it Singapore’s largest IPO in 16 years, while the AirAsia deal marked Southeast Asia’s first Low Cost Carrier listing.

Mr Gan Kok Kim, OCBC Bank’s Head of Global Investment Banking, said: “I am delighted to welcome David on board our Corporate Finance team. David has an extensive track record working with both large listed corporates and privately owned enterprises across the region. I am confident David’s experience will strengthen our ability to advise our clients on their corporate financing needs, both in Singapore and in key overseas markets, through raising capital and exploring mergers and acquisitions.”

DBS Group Appoints Pearlyn Phau as Deputy Head of Consumer Banking and Wealth Management:

DBS Group announced that Pearlyn Phau, the Managing Director and Head of Consumer Banking and Wealth Management in Hong Kong, will relocate to Singapore in January 2016 to serve as the group's Deputy Head of Consumer Banking and Wealth Management, directly under Tan Su Shan, the Head of Consumer Banking and Wealth Management.

Phau joined DBS in 2003 and has assumed numerous leadership roles within DBS Group, including the Regional Head of DBS Treasures. Prior to that, her previous roles include being Head of iBanking and Head of Treasures Singapore. She also played a key role in the development of the Treasures Private Client proposition, the launch of the DBS Wealth Continuum and the set-up of DBS Asia Treasures – a premier rewards platform for the bank's wealth management clients.

DBS Group will announce Pearlyn Phau's successor in Hong Kong in due course.

 

 

 

 

 

 

 

 

 

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