Barclays, one of many main world banks, introduced as we speak that it has appointed Ee Ching Tay, the previous Managing Director and Head of Southeast Asia M&A at JPMorgan, as the brand new Head of Southeast Asia Banking.
In accordance with an official announcement, Tay can be accountable for the financial institution’s development in Southeast Asia via a strategic give attention to mergers and acquisitions (M&A). She’s going to lead and domesticate essentially the most senior consumer relationships of the financial institution within the area.
Tay has greater than 25 years of expertise in banking. She joined Commonplace Chartered as an Funding Banking Analyst in 1996 and labored with the financial institution for practically three years in Singapore. Tay labored with UBS for greater than 8 years within the US as Govt Director of mergers and acquisitions.
In her newest function at JPMorgan, Tay was main the Southeast Asia M&A for the financial institution. She labored with JPMorgan for practically 10 years and served a number of purchasers throughout completely different sectors.
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Commenting on the newest appointment, Vanessa Koo, Head of banking for Asia-Pacific and Better China at Barclays, stated: “Southeast Asia is strategically essential to Barclays as a dynamic high-growth area. Certainly, Ee-Ching’s appointment demonstrates our continued dedication to speculate for development in areas the place we see thrilling alternatives, supporting Barclays’ regional and world companies. Her intensive transactional experience and deep native data will deliver substantial worth to our purchasers.”
Barclays is planning to broaden its presence in Southeast Asia via the newest appointment. The financial institution goals to develop its banking franchise construction within the area via the intensive expertise of Tay. The newly-appointed head of Southeast Asia is taking the function from Sandeep Pahwa, who has led Barclays Southeast Asia banking since November 2010. Pahwa will proceed to function the Vice-Chairman and Head of Asia-Pacific consumer protection at Barclays.
Pahwa is an trade veteran with greater than three many years of expertise in worldwide banking. He beforehand labored with Deutsche Financial institution, HSBC and JPMorgan.