OCBC Bank appoints new corporate finance head

OCBC Bank on Thursday announced the appointment of David Cheng as Head of Corporate Finance on November 16, 2015.

With extensive industry experience of more than 20 years, Mr Cheng, 44, helms OCBC Bank's Equity Capital Markets, Mergers & Acquisitions and Equity Syndication teams.

He is responsible for growing the Bank's Corporate Finance business, supporting its clients with both onshore and cross-border equity financing solutions as well as for mergers and acquisitions (M&A) across the region.

Before joining OCBC, Mr Cheng was Deutsche Bank's Head of Corporate Finance Execution for Southeast Asia, where he led the team in the origination and execution of equity and debt capital market transactions, as well as M&A deals across industry sectors in the region.

Mr Cheng's professional experience includes roles at other global investment banks such as Citi, where he led its Real Estate Investment Banking unit for Southeast Asia, as well as Credit Suisse First Boston and J.P. Morgan.

Mr Cheng has managed deals such as the initial public offerings (IPOs) of CapitaMalls Asia, Mapletree Commercial Trust and Ascendas India Trust on the Singapore Exchange; AirAsia on Bursa Malaysia; as well as Agung Podomoro Land and Ciputra Properties on the Indonesia Stock Exchange.

Gan Kok Kim, OCBC Bank's Head of Global Investment Banking, said: "David has an extensive track record working with both large listed corporates and privately owned enterprises across the region.

"I am confident David's experience will strengthen our ability to advise our clients on their corporate financing needs, both in Singapore and in key overseas markets, through raising capital and exploring mergers and acquisitions."