☰ Menu eFinancialCareers

Daily Dispatches: Singapore bank tops syndicated finance table

In a sign of the growing regional reach of Singaporean banks, DBS was ranked the top arranger for syndicated finance in Asia Pacific ex-Japan in the first quarter of this year, followed by local rival United Overseas Bank.

DBS did 20 deals valued at US$5.2 billion, while UOB had 10 worth US$4.8 billion, according to figures from Thomson Reuters. “The GFC gave the opportunity to DBS to step up to the plate; it was not just balance sheet strength, we demonstrated the ability to structure complex deals,” Boey Yin Chong, DBS head of syndicated finance, told Singapore media.

The table-topping news may lead to more job applications hitting Boey’s desk. “The demand from young bankers to work in syndicated finance is high. Graduates get an exciting start to their careers because the deals you work on give you greater exposure than in general corporate banking, and you work with a wider variety of parties, and across the region,” he told us in an interview in January.

Meanwhile in Asian syndicated finance, Ashish Malhotra, who left Bank of America Merrill Lynch last week, is now joining Standard Chartered as its new head of syndicate Asia.

No shadow fan (WSJ)
China’s “shadow banking” system poses a continuing risk to Asia’s financial system, says Reserve Bank of Australia Governor.

Bounce back? (Asian Banking & Finance)
Don’t be fooled by the Chinese banks’ strong lending rebound.

Pass rate (Asia One)
About 70% of financial advisors in Singapore have passed a new regulatory test.

Pleasing performance (Sydney Morning Herald)
Medibank Private managing director George Savvides is pleased with the performance of Australia’s largest health insurer this financial year.

High rank (Channel News Asia)
The National University of Singapore has been ranked second, behind the University of Tokyo, in the first-ever Asia University Rankings published by the Times Higher Education magazine.

Comments (0)

Comments

The comment is under moderation. It will appear shortly.

React

Screen Name

Email

Consult our community guidelines here