HSBC names Rajeev Sahney as head of Asia advisory, corporates

A security guard stands next to a statue of a lion in front of the HSBC Holdings Plc headquarters in the Central district of Hong Kong, China, on Monday, June 27, 2016. Photographer: Anthony Kwan/Bloomberg

HSBC Holdings Plc, the British bank that earns the largest share of its revenue from Asia, has promoted Rajeev Sahney to head Asia-Pacific advisory and corporates, people familiar with the matter said.

Sahney, who was previously global head of consumer and retail investment banking, will remain in Hong Kong and advise on transactions across sectors, the people said, asking not to be named as the details aren’t public.

Jason Rynbeck, who was previously head of mergers and acquisitions for the region, has been named the Asia-Pacific chairman for that business and vice chairman of global banking, the people said.

Sahney, who joined HSBC in 2009 from Citigroup Inc., has advised on deals including:

Alibaba Group Holding Ltd.’s purchase of a stake in Chinese hypermarket operator Sun Art Retail Group Ltd. Casino Guichard Perrachon SA’s sale of its controlling interest in Thai grocery chain Big C Supercenter Pcl Tesco Plc’s sale of its South Korean business

HSBC’s head of Southeast Asia M&A, Ee Beng Soh, is planning to leave the bank, according to people familiar with the matter. Singapore-based Soh told the firm in the past month of his intention to depart, the people said. He previously did stints as head of Singapore investment banking at Rothschild and BNP Paribas, his LinkedIn profile shows.

A representative for HSBC declined to comment on the moves.

HSBC has pledged to shift more than $100 billion of capital and boost operations in China as part of its so-called pivot to Asia. The bank last month appointed Mukhtar Hussain, who was chief executive of Malaysian operations, to a newly created role as head of the bank’s Belt and Road Initiative for the Asia-Pacific region, to tap opportunities stemming from Chinese President Xi Jinping’s infrastructure program.

Bloomberg

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.