Calyon, the investment banking arm of Credit Agricole, announced yesterday that it has appointed Trudy Lee as head of fixed-income markets for Singapore. She replaces Winston Quek who left the French firm in May.
Lee will be in charge of the bank's Singaporean fixed-income markets sales and trading business, which includes interest rates, credit, derivatives, foreign exchange (and non-deliverable forwards), commodities and treasury products. In addition to domestic bonds, Calyon's Singapore office trades other regional markets and its sales team deals in bonds denominated in G3 and G10 currencies, as well as in local markets.
"While our local clients have expanded overseas, more international clients are coming to Singapore. With our strong franchise and network in Singapore, we work very closely with these clients to provide them with fixed-income solutions", said Arnold Kan, regional head of sales and deputy head of fixed-income markets for Asia ex-Japan. Regional coverage includes corporate and financial clients in Brunei, Malaysia and Indonesia.
Lee will be based in the city-state and have dual reporting lines to Kan and to Jean-Pierre Raynaud, senior country officer for Singapore.
She has more than 19 years' experience in the markets and joins from Fortis Bank where she was head of sales for Southeast Asia. Previously, Lee has been head of sales for Singapore and a senior director for private banking at Standard Chartered.
Lee earned an MBA degree from the University of Hull in the UK and is a Bachelor of Business Administration (National University of Singapore).
"We are pleased to have Trudy joining our fixed-income markets team", said Frederic Laine, head of fixed-income markets for Asia ex-Japan, in a statement yesterday. "Given her strong business connection with Asian corporate and financial institutional clients, as well as her in-depth knowledge of fixed-income markets products and solutions in the region, we believe that Trudy will help us further strengthen our fixed-income markets franchise in Singapore."
In April, Calyon recruited Asian fixed-income veteran Swaroop Patel to head its debt and credit markets team based in Hong Kong, reporting to Laine. Recently, other banks have also been adding to their bond resources in the region, most notably Credit Suisse, which hired nine new directors last month to spearhead its fixed-income activities in Asia.