Societe Generale has promoted Raj Malhotra to head of debt capital markets for Asia Pacific. He replaces Laurent Morel, who will return to Europe to take on a global role, the French bank said in a statement on Wednesday.
Malhotra, who joined the bank in September 2014, most recently headed the bank’s debt franchise for Southeast Asia, India and Australasia. He worked on both US dollar and euro bond offerings for sovereign and corporate clients in the region, including two euro-denominated debt sales for the Republic of Indonesia in 2015 and 2016, and DBS’s $500 million green bond, the first offshore green bond by a Singapore issuer.
In his new role, Malhotra will be responsible for further developing the bank’s platform across the region, providing advisory, structuring and execution services to its key clients. He will remain based in Singapore, and report regionally to Stephen Swift, Hong Kong-based head of global finance for Asia Pacific, and functionally to Demetrio Salorio, London-based global head of debt capital markets.
Before joining SocGen, Malhotra was head of DCM for Southeast Asia at Nomura for almost two years, responsible for both G3 and local-currency bond offerings. Before that, he spent 10 years at UBS, firstly in London, then in Singapore between 2009 and 2012.
He also worked for Goldman Sachs in London as a credit analyst for European banks from the late 1990s until 2002.
As part of the reshuffle, Morel, who spent more than two years in Asia, will relocat to Paris, becoming the global head of financial sponsor coverage with the bank’s financial institutions group, which provides advisory, financing, asset and liability management services to banks and insurance companies.