Sumitomo Mitsui Banking Corporation expands its private credit business in Asia with the hire of a former Nomura executive.
Yew Chuan Sim joins SMBC’s loan capital markets department as head of private credit distribution, Asia Pacific, according to a statement.
Based in Singapore, he will lead the bank’s distribution efforts in the region to provide bespoke debt solutions to corporates, financial sponsors and ultra-high net worth clients. He will also work closely with the structured credit team headed by Junwei Wu, who joined in October 2023.
Sim has over 20 years of experience, most recently as head of credit sales, Southeast Asia at Nomura. Previously, he also worked at RBS, Merrill and Barclays.
«We are excited to welcome Yew Chuan to SMBC, as we continue to commit and invest in expanding our franchise via structured and bespoke product offerings,» said Aaron Chow, general manager, loan capital markets department, APAC at SMBC. «We are excited for the rollout of the new platform, in line with our aspirations for further growth in the region.»
