Natixis appoints Desmond Tang as Head of Financial Sponsors Coverage, Asia Pacific
Natixis creates Financial Sponsors Coverage department for APAC with the appointment of Desmond Tang
Natixis is pleased to announce the appointment of Desmond Tang as Head of Financial Sponsors Coverage, Asia Pacific. Based in Hong Kong, he reports 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.
Desmond 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, Desmond is 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.
The bank’s clients will be given seamless access to a wide range of solutions, from M&A and acquisition finance to strategic equity, fund and global market solutions.
Natixis is working towards establishing itself as a working partner to the financial sponsor community, at a time when many in the region are either pursuing or contemplating expansion strategies outside of their home markets, or are looking to ramp up their overseas investments. As they venture beyond Asia in search of growth or technological transfer opportunities, they will be able to tap into the leading global M&A franchise of Natixis, which the bank has bolstered in recent years through a series of acquisitions of M&A boutiques in Europe and the US.
The newly-created department supplements the bank’s existing financial sponsors business in Europe and the US, reflecting Natixis’ global ambitions to capture opportunities in a client segment it has identified as an important revenue driver.
Damien Cleris commented: “The establishment of this dedicated coverage group speaks to the strategic importance of the financial sponsors segment to Natixis in Asia Pacific. 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. We are also confident that the development of our M&A activity in the region and at a global level will facilitate strategic dialogue with them.”