Structured Finance Beefing Up in Asia

Many leading service providers to the securitisation markets are not waiting for things to recover in the US markets.  Over the past few months, several firms have turned their attention and their wallets to building out their staffing resources in Asia. 

* Mayer Brown seems to be focusing more attention on the emerging credit derivatives market in China through their Hong Kong office.

* Citigroup recently named Adrian Nye as the new head of its Agency and Trust Group in Asia, with a particular focus on securitisation and project finance in the region.

* White & Case recently hired Kenneth Hawkes away from Hogan Lovells in Singapore to bolster their project finance practice in the region.

* Barclays Capital added Sandeep Pahwa as their Head of South East Asia Investment Banking in November.

* Also in November, Nixon Peabody announced a strategic tie-up with the Hong Kong-based law firm, Cheng Wong Lam & Partners and named  Craig Mills as head of their Global Finance Practice.

It would appear that more than a few firms are betting that the recovery of the structured markets will be relatively stronger in markets such as China, Singapore and Hong Kong in 2011.  By staffing up now, they undoubtedly hope to get in on the ground floor with new clients and new structures.

About markferraris
Managing Principal Orchard Street Partners LLC

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