Credit Suisse has appointed Felicity Chan and Adrian Lee as co-heads of APAC equity capital markets (ECM) syndicate, according to an internal note seen by finews.asia. The two report to global head of ECM risk Felipe Portillo as well as co-head of investment banking and capital markets (IBCM) APAC Joe Lai and Kuan Ern Tan.

Lee and Chan will be jointly responsible for the execution and syndication of equity offerings in the region with the former focused on North Asia and the latter focused on Southeast Asia, India and Australia where she will partner with head of Australia ECM syndicate Tim Usasz.

Lee first joined Credit Suisse in 2012 as an analyst and has since held ECM-related roles in New York and Hong Kong. Chan has 18 years of investment banking and capital markets experience. She joined Credit Suisse in 2004 and was most recently its Southeast Asia head of equity syndicate. 

A spokesperson for the bank confirmed the contents of the memo.

ECM in Headlines

The latest appointments follow a handful of outflows at Credit Suisse’s investment bank including four executives last week, as reported by finews.asia. Earlier this month, APAC co-head of ECM and head of equity syndicate Sunil Dhupelia also reportedly left to join J.P. Morgan as its Asia ex-Japan co-head of ECM.

In addition to evaporated fundraising in Hong Kong – the city’s main board raised around $17 billion ($2.2 billion) from IPOs as of end-May, down 91 percent – Credit Suisse’s ECM syndicate unit has also been spotlighted for unauthorized messaging by former global head Anthony Kontoleon who was reportedly removed from his position in April.