Leading Standard Chartered investment banker joins Deloitte in Singapore

eFC logo
Tanay Jain Standard Chartered to Deloitte

Tanay Jain, who was responsible for Southeast Asian financial institutions M&A advisory at Standard Chartered, has just left the banking sector to join Deloitte.

Jain moved to the consultancy in Singapore earlier this month as a director in corporate finance, according to his public profile. He’s still focused on financial institutions (FI) M&A advisory for Southeast Asian clients.

His hire is somewhat of a coup for Deloitte because FI bankers are in comparatively high demand in Asia right now. Finance was the top industry for Asian investment banking revenue in 2017, according to Dealogic figures.

Recruiters in Singapore say Stan Chart is currently a prime headhunting ground for other advisory practices because it is restructuring its Asian investment banking team. It is looking to redeploy some of its Asian industry-coverage bankers (others have been cut) into relationship manager roles in corporate banking, in a push to increase vanilla lending to key clients, according to Reuters.

The bank placed 31st for M&A revenues in Asia (ex-Japan) for 2017, down from 22nd the previous year, with a market share of just 0.6%, according to Dealogic.

Jain was at Stan Chart for eight years and spent the latter two in a Singapore-based director-level job, originating and executing “strategic transactions” in M&A and acquisition finance. Prior to that, he worked for the bank’s FI team in India, rising from associate to director rank before transferring to Singapore in 2016.

During his time at Stan Chart, Jain worked on major deals for clients across Asia – including Malaysia, Hong Kong, Vietnam and India – in FI sectors such as insurance, asset management and credit cards. He started his career in 2007 at boutique Indian investment bank Ambit Corporate Finance.

Image credit: Darwel, Getty

Related articles

Popular job sectors

Loading...

Search jobs

Search articles

Close
Loading...
Loading...