HSBC has appointed Alexi Chan to be its head of debt capital markets for Asia Pacific, according to an internal memo seen by FinanceAsia.
He succeeds Stephen Williams, who was appointed head of capital financing for Asia Pacific last month, as part of a reorganisation that resulted in the creation of a new capital financing unit. That unit comprises a wide range of businesses including debt capital markets, equity capital markets and project finance
Chan was previously head of DCM origination for Asia and the bank has yet to announce his replacement. In his new role, Chan will report functionally to Bryan Pascoe, global head of debt capital markets capital financing and locally to Williams.
Chan, who has been based in Singapore since 2004, is expected to move to Hong Kong but maintain a desk in Singapore. He has been part of HSBC's debt capital markets team since 2000 and was previously also based in London.
He has been involved in a number of major transactions including the first Basel III compliant tier 1 offering from an Asian bank, the first inflation-linked bond in South-East Asia; and the two largest corporate hybrids ever issued in Asia's local currency markets.
"I look forward to building on our strong track record in recent years, and extending HSBC's leadership in providing debt capital markets solutions to our clients in Asia-Pacific across the full spectrum of market segments and currencies," said Chan in a release.
HSBC on Wednesday night closed its 100th G3 bond this year, with the pricing of Republic of Korea's $1 billion global bond.
