Societe Generale Corporate & Investment Banking announced last week plans to offer acquisition finance services in the Asia-Pacific following the success it has had in its European leveraged and acquisition finance franchise and its American business.
The team will be based in Hong Kong, and will report to Rene de Laigue, global head of leveraged and acquisition finance. The team of four professionals will include Marc Frenkenberg, and be headed by Pierre Louis Auzel.
The creation of the Asian arm of SG's leveraged and acquisition finance business will allow the bank to provide global services to its corporate and private equity clients active in Asia-Pacific, complementing its existing corporate & investment banking capabilities in that region. The new team will provide debt arranging, underwriting and bookrunning services to the private equity firms as well as to corporate clients, capitalizing on Societe Generale's expertise and knowledge in the Asia-Pacific region.
The team will target Hong Kong, Australia, New-Zealand, People's Republic of China, Singapore, Korea, Taiwan and Japan. SG said it expected its business to be fully operational by September this year.
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