French investment bank Natixis appointed a head of Financial Sponsors Coverage for Asia Pacific.
Natixis appointed Desmond Tang as head of Financial Sponsors Coverage, Asia Pacific. Based in Hong Kong, he will report 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, the firm said in a press release.
Tang 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, he will be 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.
Dedicated Coverage
The newly-created department supplements the bank’s existing financial sponsors business in Europe and the U.S., reflecting Natixis’ global ambitions to capture opportunities in a client segment it has identified as an important revenue driver.
«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,» said Cleris.
