Sumitomo Mitsui (NYSE:SMFG) Banking Corporation (SMBC) and Natixis Corporate & Investment Banking have announced new senior appointments for their Asia-Pacific operations, according to statements released on Tuesday.
SMBC has appointed Jeff Ng as the Head of Asia Macro Strategy for its global markets and treasury business. Based in Singapore, Ng will be responsible for formulating and disseminating views on Asian macro, currency, and rates markets, with a specific focus on Australia, India, and the ASEAN region. He will also recommend trade ideas and deliver SMBC's Asia macro strategy to clients globally.
Ng brings over 14 years of experience to SMBC, with previous roles at Deutsche Bank (ETR:DBKGn) and Standard Chartered (OTC:SCBFF) where he covered global markets as a strategist. In his new role, Ng will work closely with Ryota Abe, SMBC's Asia economist, and the global economist team to analyze foreign exchange and rates to identify investment opportunities.
Salim Zaman, co-general manager of global markets and treasury department, Asia-Pacific at SMBC, expressed confidence in Ng's expertise and strategic insights being a great asset to their global markets business as they work towards achieving their goals in 2024 and beyond.
In a related development, Natixis Corporate & Investment Banking has appointed Abbas Rangwala as the Head of Mergers and Acquisitions for Southeast Asia and India. This newly-created role sees Rangwala based in Singapore, reporting to Miranda Zhao, Head of M&A, Asia-Pacific, and Bertrand Guiot, Head of Real Assets and Investment Banking, Southeast Asia and Head of Infrastructure Fund Coverage for APAC.
Rangwala previously served as the group head of mergers, acquisitions, and business development at Bharti Enterprises. His new role puts him in contact with many individuals who stand to gain from the liquidity events that mergers and acquisitions produce.
Natixis Corporate & Investment Banking is part of Groupe BPCE, the second-largest banking group in France, operating through the Banque Populaire and Caisse d'Epargne retail networks.
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