Filipino exec named Maybank regional investment banking head

MANILA, Philippines—Filipino investment banker Manuel Tordesillas has been named by Maybank Kim Eng, a leading securities and investment brokerage group in Asia, as its regional head for investment banking and advisory.

Tordesillas is currently president and chief executive officer of the Malaysian banking giant’s Philippine investment banking unit Maybank ATR Kim Eng Financial Corp.

As a regional head, Tordesillas will develop and oversee strategies and plans to build Maybank Kim Eng’s global investment banking and advisory business, which includes corporate finance, debt markets, equity capital markets and strategic advisory, Maybank ATR Kim announced in a press statement on Friday.

The statement added that Tordesillas would also sit as a member of the Maybank Kim Eng’s critical executive committee, credit underwriting committee and business growth forum as a result of the appointment.

The executive committee is the highest management decision-making and oversight authority for Maybank Kim Eng on all strategic and operational matters, while the credit and underwriting committee is the management-level credit-approving authority and the decision-making committee in relation to all debt and equity capital market transactions. The business growth forum is a body to facilitate and promote periodic discussion among key personnel on strategic and tactical business direction and performance.

Maybank Kim Eng was named so following Malaysian banking giant Maybank’s acquisition of Kim Eng Holdings in 2011. In the Philippines, Maybank strengthened its presence through the increased shareholdings of Maybank Kim Eng in ATR KimEng last year, while retaining its entire management team led by ATR Holdings principals, Ramon Arnaiz, Lorenzo Roxas and Tordesillas.

The group has an international presence, with an extensive network of offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, the Philippines, India, Vietnam, London and New York, and is now organized under five main pillars: investment banking and advisory, retail equities, institutional equities, derivatives and asset management.