Natixis appoints Desmond Tang as Head of Financial Sponsors Coverage, Asia Pacific
Natixis creates Financial Sponsors Coverage department for APAC with the appointment of Desmond Tang
Natixis is pleased to announce the appointment of Desmond Tang as Head of Financial Sponsors Coverage, Asia Pacific. Based in Hong Kong, he reports to Damien Cleris, Head of Coverage and Co-Head of Investment Banking, Asia Pacific and to Imed Ben Romdhane, Global Head of Financial Sponsor Coverage in Paris.
Desmond has been covering Financial Sponsors in Asia for over a decade, starting with ABN Amro in 2004, before joining Standard Chartered in 2009 in a similar capacity. In this newly created role, Desmond is responsible for strengthening and growing Natixis’ business with financial sponsors, including private equity funds from or with interests in Asia Pacific, as well as Asian sovereign wealth funds.
The bank’s clients will be given seamless access to a wide range of solutions, from M&A and acquisition finance to strategic equity, fund and global market solutions.
Natixis is working towards establishing itself as a working partner to the financial sponsor community, at a time when many in the region are either pursuing or contemplating expansion strategies outside of their home markets, or are looking to ramp up their overseas investments. As they venture beyond Asia in search of growth or technological transfer opportunities, they will be able to tap into the leading global M&A franchise of Natixis, which the bank has bolstered in recent years through a series of acquisitions of M&A boutiques in Europe and the US.
The newly-created department supplements the bank’s existing financial sponsors business in Europe and the US, reflecting Natixis’ global ambitions to capture opportunities in a client segment it has identified as an important revenue driver.
Damien Cleris commented: “The establishment of this dedicated coverage group speaks to the strategic importance of the financial sponsors segment to Natixis in Asia Pacific. This new set-up will allow our clients to conveniently access the full offering of Natixis through a single platform. Desmond, with his wealth of experience covering this set of clients, will be instrumental to the success of this endeavor. We are also confident that the development of our M&A activity in the region and at a global level will facilitate strategic dialogue with them.”
Contacts
Related links
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
The press area was created by BPCE in order to make it easier for professionals to access Groupe BPCE press releases, images, videos, computer graphics, etc. (hereafter referred to collectively as the “Content”). This Content can be used to illustrate all publications, reports, articles or, more generally, any document or medium designed to inform the public of Groupe BPCE’s activity. You are not allowed to use the Content for commercial or publicity purposes. You are not allowed to modify the Content (except for changes of format). The Content is regularly updated by BPCE, therefore you should frequently access the press area in order to ensure you use the latest version of the Content. Your attention is also drawn to the fact that the Content contains elements considered to be intellectual works protected by copyright law and notably by France’s intellectual property code. Consequently, the photo credit (shown at the bottom right of the photo) and the mention [source BPCE] must be displayed in all publications (printed or electronic). Any user who fails to respect these conditions shall be liable vis-à-vis BPCE, the author of the Content or his/her beneficiaries and, where applicable, the persons whose image is reproduced in the Content. By downloading and, more generally, using all or part of the Content you agree to these terms.