London-based Religare Capital Markets has made another move to expand its operations in Southeast Asia with the appointment of the Asean trading head.
Stephen Conway's appointment is the second senior hire disclosed this month by the investment bank, coming three weeks after Matthew Lutter, who joined as managing director and head of Asean equities.
Religare has also added seven senior executive partners to its team since the start of the year and is looking to fill 10 or more positions in sales, trading and research in Singapore and Hong Kong in the coming months. The banking and securities company has been building up a strong backlog of deals in India, Singapore, the Philippines and Indonesia. Earlier this month, it said it had formed an exclusive joint venture with Trinity Securities in Thailand for the provision of advisory, execution and investment banking services. In April, Religare Capital Markets signed an agreement with FSG Capital of the Philippines to provide investment banking services to rapidly growing companies. The investment bank is also in discussions to form strategic tie-ups in Indonesia, Malaysia, Japan, Taiwan and China. The firm has a staff strength of 110 across India, Hong Kong, Singapore, Australia and the UK. "We are pleased to have Stephen on board to lead our next phase of growth and expansion in Southeast Asia. Steve has very strong credentials and a proven track record. I am confident he will be a real asset as we focus on building our business in the region," Lutter said. "We are definitely on a roll. We believe we have hit the sweet spot in identifying the underserved segment of the market and we have responded by attracting talents with an entrepreneurial approach in the way we conduct our business and compensate our people."By nationmultimedia.com
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