SUMITOMO Mitsui Banking Corporation (SMBC) announced April 13 a reorganization of its Asia-Pacific investment and corporate banking businesses in a bid to strengthen the bank’s offering and client coverage.
The change was made in a bid to better coordinate efforts and ensure that the bank provides clients with comprehensive coverage across its product range, in line with clients’ evolving needs in today’s fast changing market environment.
Leading the change is the promotion of Rajeev Kannan to managing executive officer and his appointment as deputy head of Asia-Pacific Division. Kannan, who was head of the Investment Banking Department in Asia, will be responsible for creating an integrated corporate coverage and product platforms.
In line with Kannan’s appointment, the following departments and promotions have also been announced:
Structured Finance Department, Asia-Pacific (SFDA)
Ken Tomisaki and Luca Tonello are co-general managers of SFDA. Both are based in Singapore with joint responsibility for project and export finance as well as principal investment.
Tarek El-Rakshy is head of Project Finance - Australia with Jeremy Hasnip as head of Power & Renewables, Sam Chee as head of Mining & Metals and Brett Ruitenberg who is promoted to head of Energy & Infrastructure, taking over from Tarek El-Rakshy.
Zia Azeez is head of Project Finance - Asia, with Jeanne Soh as head of Power & Renewables, Infrastructure - Asia and Siddhartha Shrivatsava as head of Energy & Natural Resources - Asia.
Akihiro Oshima is head the Equity Group and will work with Rohit Nanda, who became head of Infrastructure Equity.
Specialized Products Department, Asia-Pacific (SPDA)
Masanori Fujima is appointed as general manager of SPDA relocating from Tokyo. SPDA will be responsible for M&A and Sponsor Finance, Securitization and Real Estate Finance activities in Asia-Pacific.
Fabien Banaletti remains as head of M&A and Sponsor Finance – Asia-Pacific, and will be supported by Peter King as head of M&A and Sponsor Finance - Australia. King will also continue to be head of Corporate Banking - Australia.
Katsuji Morishita is responsible for Securitisation and Structured Credit business.
Edward (Eddie) Yeh will join SMBC later in April to become head of Real Estate Finance. Yeh comes with over 25 years of legal, banking and real estate experience and joins from Jones Lang Lasalle (JLL) where he was head of Corporate Finance. Prior to JLL, he worked with Standard Chartered Bank, Citibank and Allen & Overy. Yeh will be supported by Kim Chuan Goh in Singapore and Tetsuya Agawa in Hong Kong.
Loan Capital Markets Department, Asia-Pacific (LCM)
Taisuke Sawamura and Aaron Chow are appointed as co-general managers of LCMA with joint responsibility for the department to manage syndicated loan and loan agency activities.
Kris Lau, joint general manager, supports the co-GMs in East Asia. Jun Palanca is the head of Distribution for Asia-Pacific.
Velarie Lee, Wami Ha and Scott Austin are heads of Origination for Asean and South Asia, East Asia and Oceania, respectively.
Corporate Banking, Asia-Pacific
To further strengthen the corporate coverage function, the TMT and Healthcare sector coverage headed by Vishesh Gupta and the Capital Markets Solutions team headed by Rahim Khawaja will also be strengthened and integrated into the Corporate Banking function.