Hongchoy's big push

A raft of key hires by DBS signals its intent to grow its Greater China investment banking franchise.

Last November, DBS hired investment banking veteran, George Hongchoy to run DBS Asia Capital. The goal was to build a strong investment banking franchise. Hongchoy had been with NM Rothschild, JPMorgan and Jardine Fleming in a career that has spanned over 40 equity deals and 50 MA transactions.

Hongchoy has now made three other key hires as he seeks to flesh-out the platform and deliver quicker growth. The three managing director level hires are Michael Yao, Jason Wong and Liu Xiaofeng.

Yao comes in as head of ECM, after a successful career mostly spent at Goldman Sachs, where he was a managing director. Yao...

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