Wang, who joins from Citibank, will lead MUFG China’s non-Japanese client coverage teams for its corporate banking portfolio, comprising local and global corporates, Chinese SOEs and financial institutional clients.
The $930 million facility has been arranged against the firm’s real estate portfolio, marking the largest loan of its kind to Australia’s logistics and industrial sector.
The $700 million loan secured by PT SMI signals a growing market for sustainable infrastructure development, as banks seek to support Indonesia’s transition to net zero.
Daisuke Ejima, former country head of Indonesia for MUFG’s Jakarta branch, will become the bank’s regional executive for Asia Pacific. Meanwhile, Scott Campbell and Shivanan Sivarajah take on roles leading sector coverage and project finance for Asia, respectively.
In a move that has been likened to that of Ant Financial, the Southeast Asian fintech group is busy raising the target amount and separating its business from its parent company, FinanceAsia has learnt.