DBS Asia Capital, the Singaporean firm’s capital markets arm in Hong Kong and China, has hired financial-sponsors veteran Lindsay Chu from Nomura as a managing director.
Chu, who joined DBS earlier this month, spent more than seven years at the Japanese bank, latterly as head of corporate finance and financial sponsors, Asia ex Japan investment banking, according to his LinkedIn profile.
The hire indicates DBS’s commitment to expanding its business in Greater China, despite some banks scaling back their growth plans in the region. Founded in 1986, DBS Asia Capital offers services including corporate finance, M&A advisory, and equity and debt fundraising.
Meanwhile, DBS’s private bank is also benefiting from an influx of private mainland wealth into Singapore.
Chu was with HSBC between 2008 and 2015, most recently as an MD and head of financial sponsors group, Asia Pacific. He started his career at Merrill Lynch in New York back in 1998, before moving to JP Morgan’s financial sponsors group in the same city about five years later.
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