OCBC Bank names David Cheng as new corporate finance head

SINGAPORE - OCBC Bank has appointed Mr David Cheng as head of corporate finance, starting Nov 16, 2015.

With extensive industry experience of more than 20 years, Mr Cheng, 44, helms the bank's equity capital markets, mergers & acquisitions and equity syndication teams, OCBC said in a statement on Thursday (Nov 26).

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.

Prior to 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 David Cheng. PHOTO: OCBC BANK

Mr Cheng has also worked for Citi, where he led its real estate investment banking unit for Southeast Asia, as well as Credit Suisse First Boston and JP Morgan.

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

The CapitaMalls Asia IPO in 2009 raised S$2.8 billion, making it Singapore's largest IPO in 16 years, while the AirAsia deal marked Southeast Asia's first budget carrier listing.

Mr Cheng graduated from Northwestern University in the US with a Bachelor of Arts degree summa cum laude in economics and mathematics.