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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.

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