DBS Sets Its Sights on China for Debt Capital Markets Push
- Three-member team in Beijing, Shanghai to focus on origination
- Providing transparency, follow-up disclosures is priority: Lee
Photographer: Munshi Ahmed/Bloomberg
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DBS Group Holdings Ltd., Southeast Asia’s largest lender, is expanding its fixed-income business in China in a bid to bring more first-time bond issuers to the offshore market.
The Singapore bank recently set up a debt capital market product and advisory team in China to focus on getting more local clients, Clifford Lee, head of fixed income at DBS Group, said in an interview. It will be run by three bankers in Shanghai and Beijing led by Cleaven Yu, who was appointed head of its China fixed-income origination team in June, he said.