The Asia-Pacific Loan Market Association (APLMA), the trade association for the syndicated loan market in the region, on May 14 announced the election of its new board of directors and office bearers for 2015.
At the annual general meeting held in Hong Kong, Phil Lipton, managing director and head of loan syndication for Asia-Pacific at HSBC, was elected as new chairman, succeeding Atul Sodhi, managing director and head of global loan syndication group for Asia-Pacific at Credit Agricole Corporate and Investment Bank. Sodhi stepped down after three years in the chairmanship role, while Lipton was formerly the APLMA vice-chairman.
Pedro Cheung, deputy general manager and head of corporate finance at Bank of China (Hong Kong), and Siong Ooi, managing director and head of Asia-Pacific syndicated and leveraged finance at Bank of America Merrill Lynch in Hong Kong, are elected as new vice-chairmen. Cheung has been on the APLMA board since 2013 and is chairman of the China committee, while Ooi has been in the board also since 2013.
Les Collett, executive director at Willis Financial Solutions in Hong Kong, was re-elected treasurer and secretary, a role he has held for almost seven years, and Boey Yin Chong, managing director for syndicated finance, institutional banking group at DBS Bank Singapore, also retains his post as honorary secretary, which he has held since 2012.
The APLMA board focuses on the strategic direction and priorities of the association and is comprised of senior executives from leading banks in the syndicated loan market.