DBS Asia Capital names Lindsay Chu as new CEO

   2022-11-30 01:11

DBS Asia Capital has appointed Lindsay Chu (pictured) as its new chief executive officer. He is also the head of capital markets of DBS in Hong Kong and China and a member of the DBS Hong Kong management committee.

Chu has more than two decades of international investment banking experience under his belt. Prior to his new role, Chu was managing director, head of corporate finance and financial sponsors, Asia ex-Japan investment banking at Nomura. He also helmed the roles of managing director and head of financial sponsors group at HSBC for Asia-Pacific and vice president, investment bank, financial sponsors and leveraged finance group at JPMorgan respectively.



Chu also succeeds Anuruk (Art) Karoonyavanich as CEO of DBS Asia Capital. Karoonyavanich, who joined DBS since 2015, will be relocating to Singapore to assume his new role as managing director and head of capital markets, Singapore and will join the DBS Singapore Management CommitteeKaroonyavanich will retain his roles as regional head of equity syndicate and board chairman of DBS Vickers (Hong Kong).

MARKETING-INTERACTIVE has reached out to DBS for further information.

Commenting on this appointment, Sebastian Paredes, chief executive officer of DBS Bank (Hong Kong), said, “Chu has a proven track record of success in spearheading major private equity transactions across Asia. I am confident that our Hong Kong capital markets team will grow from strength to strength under his leadership,”

DBS Capital Markets Group is a leading equity house in Asia. It provides equity funding solutions to DBS’ corporate clients in the region and acts as an intermediary between issuers and investing clients. DBS also operates the securities joint venture, DBS Securities (China), which provides brokerage, securities investment consulting, securities underwriting and sponsorships, as well as proprietary trading in China. 

Back in September this year, DBS appointed Isaac Kong as head of digital, consumer banking group & wealth management, DBS Bank (Hong Kong), effective 17 August 2022. According to his LinkedIn, Kong is responsible for managing full technology initiatives cost across consumer banking and wealth management, taking full responsibility of tech P&L and computerisation cost; leading multiple digital product teams covers full digital business, including fintech and product market value propositions, roadmaps, own end to end, O2O (online-to-offline) customer and employee journeys optimisation. 

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