☰ Menu eFinancialCareers

SMBC has just hired a new head of Asia TMT from Stan Chart

Robot and Business Man Shaking Hands

Sumitomo Mitsui Banking Corporation has recruited a Standard Chartered director as its new Asia head of technology, media and telecommunications (TMT) investment banking.

Vishesh Gupta, who moved to SMBC last month in Singapore, has risen rapidly up the ranks in TMT, currently one of the most in-demand sectors within Asian investment banking.

He has landed a regional head-of role just nine years after starting his banking career.

Gupta joined Stan Chart in Singapore in October 2012 and covered TMT across Southeast Asia. Before that he spent four and a half years a J.P. Morgan, first as a telecom and media equity research analyst in Hong Kong, and then as a lead analyst, latterly based in Singapore.

TMT is the “one bright spot” in Asia in terms of investment banking sectors, says Yvette Kwan, a former APAC investment banking COO at UBS, now a partner at finance consultancy Quinlan & Associates. TMT companies have been expanding in Singapore. They were the second-largest contributor in the country’s office lease market in 2015 and 2016, according to a CBRE report.

This is not the only recent senior job move in Asian TMT banking. Last month Piyush Gupta, Deutsche Bank’s head of TMT for Southeast Asia and India, joined tech-focused VC firm Sequoia Capital in Singapore as head of strategic development.

And in April, Randy Gelber moved to UBS in Hong Kong as its new APAC TMT head. Gelber was previously at SMBC, but not in Vishesh Gupta’s current role – he was head of Americas investment banking, based in New York.

For the past two years, several TMT specialists have been hired into business development roles at Chinese technology giants. James Mitchell, chief strategy officer at Tencent, was formerly head of communications, media and entertainment research at Goldman Sachs in New York. Catherine Liu, the head of strategy at internet services provider Qihoo 360, previously led Credit Suisse’s technology coverage in China.

A similar trend is starting to take hold in Singapore. As we reported yesterday, Southeast Asian technology unicorns Grab, Sea, Tokopedia, Traveloka, and Go-Jek now want to hire junior to mid-level TMT bankers from global banks in the Republic.

Image credit: BahadirTanriover, Getty

Comments (0)


The comment is under moderation. It will appear shortly.


Screen Name


Consult our community guidelines here