Natixis names head of financial sponsors for M&A push

The French bank seek to spur more revenue from its global M&A franchise.

French bank Natixis has hired banking veteran Desmond Tang to its investment banking team, betting on increased activity as financial institutions in the Asia-Pacific region hunt for more deals.

Based in Hong Kong, Tang becomes head of the financial sponsors coverage team for Asia Pacific region, a newly created unit, the bank said in a statement on Thursday. He will be responsible for strengthening and growing the bank’s business with financial sponsors, including private equity and sovereign wealth funds.

Natixis says the creation of the unit was intended to help the bank's Asian clients search for growth and technological transfer opportunities beyond the region, leveraging the...

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