Singaporean bank DBS has appointed a new Chief Executive Officer of DBS Asia Capital, the bank's Capital Markets arm in Hong Kong and China.
Anuruk (Art) Karoonyavanich has been appointed as CEO of DBS Asia Capital. He succeeds Jerry Tse and reports to Sebastian Paredes, Chief Executive Officer of DBS Bank in Hong Kong, and Seat Moey Eng, Group Head of Capital Markets, DBS Bank. With this appointment, Art will also join the Hong Kong Management Committee of DBS.
Prior to joining DBS in 2015, Karoonyavanich was Managing Director and Global Head of Equity Syndicate at Standard Chartered Bank. He has over 17 years of investment banking experience and has worked in Hong Kong, Singapore, Tokyo and Bangkok.
Hong Kong and China Push
Since commencing his investment banking career at Lehman Brothers in 1999, he has held various senior management positions at Standard Chartered Bank, Nomura and Lehman Brothers, where he led several landmark equity capital markets transactions for issuers across Asia.
In his new role Karoonyavanich will have broad responsibility for the bank’s Capital Markets arm in Hong Kong and China, including advisory and underwriting for initial public offerings and secondary fund raisings, pre-IPO fund raisings and advisory, and other corporate finance services.
His appointment is in addition to his current role as Managing Director and Regional Head of Equity Syndicate, Capital Markets.
