Sylvain Magne has been appointed head of equity-linked for Asia-Pacific and also deputy head of equity capital markets (ECM) for north Asia at BNP Paribas in Hong Kong. The appointment, which sees Magne transfer from Paris, is pursuant to the French bank’s announcement of new governance on 20 November 2014, according to a London-based spokesman. In Asia, Magne will report to Christopher Wong, co-head of equity capital markets, Asia Pacific.
The equity syndicate in Asia has also been strengthened with the addition of Tao Weng, who joined the bank in Hong Kong in March. Weng has been appointed an equity syndicate associate and joins from Standard Chartered Bank, where he was an associate in equity capital markets. Prior to that, Weng was a senior finance specialist at Merrill Lynch, where he worked in equity product control, after joining the US investment bank in Hong Kong in 2007.
Magne moves from the position of head of equity capital markets for Iberia, a role that he has held since January 2007. Before that, he was an adjoint chef de bureau in France’s Ministry of Finance. The changes being put in place at the bank are designed to “best serve … corporate and institutional clients,” said the spokesperson.
Magne will assume responsibility for a portion of those held by Gary Chan, previous head of the equity syndicate in the region who left the bank at the end of last year, according to a Hong Kong-based spokesperson for the bank.
Chan joined BNP Paribas in 2013, replacing Hugo Leung, who was named head of global equities and commodity derivatives for Asia-Pacific on December 3, 2012. Leung continued to manage the equity syndicate function, according to a statement released by the bank on his appointment. Leung joined Peregrine in 1993 and worked in a number of capacities, finally head of equity syndicate and corporate equity for BNP Paribas, Asia-Pacific