Sumitomo Mitsui Banking Corporation (SMBC) has appointed Carsten Stoehr as its managing director and deputy head for the Asia-Pacific region, a new role, in which he will oversee the structured lending and private wealth businesses across the region, working closely with the bank’s coverage teams to drive further growth and maximize client opportunities.
Based in Singapore, Stoehr will join SMBC on February 19. He will report to the bank’s co-heads of Asia-Pacific.
Stoehr joins SMBC from Credit Suisse, where he spent over 25 years. He was most recently managing director and chief executive officer for Greater China, as well as chairman of the board of Credit Suisse (HK) and Credit Suisse Securities (HK). As Greater China CEO, Carsten was responsible for leading Credit Suisse’s business across the Greater China region, spanning investment banking, wealth management and asset management.
Prior to this role, Stoehr was the head of the Asia strategic products wherein he was responsible for the integrated financing platform for all financing and lending, securitization and syndication activities across the Asia-Pacific. Stoehr has over 30 years of experience working out of London, Tokyo and Hong Kong, and he had a previous stint at Standard Chartered where he was global head of capital markets and financial market sales.
“We are excited to have Stoehr join SMBC in Asia-Pacific to advance growth of our businesses across our structured lending and private wealth,” says Rajeev Kannan, managing executive officer and co-head of Asia-Pacific. “He brings a tremendous depth of experience leading a top-tier capital markets and structured lending business; and he is a great addition to lead our business and team and will enable us to further scale up our platform in the Asia-Pacific region.”