Barclays Capital has hired James Loh as its new vice chairman for Asia-Pacific, based in Singapore, and managing director responsible for all regional trading, including Japan.
Loh joined the bank last month from UBS, where he spent the past seven years building the trading and client businesses covering FX, interest rates and currency risk management. Loh served as the bank’s senior vice president, acting as ad interim regional head of equities, global head of emerging markets, as well as regional head of interest rate risk management for East Asia. Upon leaving UBS, Loh was managing director and regional head for interest rates and Asian currencies risk management.
Prior to UBS, he spent nine years with Credit Suisse First Boston, from 1982-1991, as managing director in charge of FX, non-US dollar proprietary arbitrage and regional sales and trading in both New York and Hong Kong. From 1976-1982, Loh was a vice president, non-US dollar prop trading, at the former Salomon Brothers in New York.
“During a career spanning the last 20 years, Mr Loh has developed the reputation as one of the region’s most successful and respected investment bankers, with extensive product experience in institutional fixed income, foreign exchange and interest rate and currency risk management, as well as very broad regional client relationships. This is a further step in deepening and broadening the management of the firm, along with recent senior management appointments in London and New York, as we continue to expand our global businesses,” says a statement.
According to sources, Loh has already expanded the team, bringing in a 10-15 strong team of equity and credit arbitrage traders. The bank has been building its presence in Singapore this year, having moved to a new dealing room in July, and hiring Malcolm Thompson as the new regional FX sales manager from the former Bankers Trust.
“James Loh’s wealth of experience, client contacts and proven track record in developing regional businesses will make a powerful contribution to the continued growth of our own. In addition, his presence in Singapore will add momentum to the development of our local business there as the market expands significantly,” says Roger Davis, regional chairman and chief executive, Asia-Pacific.
Robert Diamond, chief executive of Barclays Capital, adds, “This further strengthens the firm’s Asia-Pacific management team, enabling us to accelerate the development and growth of Barclays Capital’s global businesses going forward. We continue to expand our businesses and add significant talent in Asia-Pacific, which is a vital part of our global strategy.”