Macquarie prepares for Asian LBO wave

As part of a hiring spree aimed at expanding its Asian corporate finance business, Macquarie has appointed Stephen Pazzina, the former head of leveraged finance at Dutch bank ABN Amro in Hong Kong.

Australian investment bank Macquarie has announced three senior appointments that are aimed at growing its Asian corporate finance business. Among them is the hiring of Stephen Panizza as managing director and head of debt services.

Panizza joins Macquarie from ABN Amro’s Hong Kong operations where he was executive director and head of Asia leverage finance. Prior to moving to Hong Kong, Panizza was with ANB Amro in Singapore as executive director in structured capital markets Asia. He was responsible for leading a number of major Asian transactions at ABN Amro, including leveraged buy-out financings for Korea’s Hanaro Telecom and Japan Telecom.

At Macquarie, Panizza will head up Macquarie’s Debt Services Division (DSD) in Asia, and lead other debt initiatives in the region. He will report to Andrew Low, Macquarie’s Asia head of corporate finance.

Commenting on the appointment, Low said in a statement: “The development of this role in Asia is driven by the significant increase in Macquarie’s principal activity in the region as well as the trend towards leveraged buy-outs which offer advisory and debt arranging opportunities.

The bank also appointed Jack Zhai as managing director and head of corporate finance for mainland China, and Johnson Tan as senior banker for Southeast Asia.

Macquarie corporate finance teams sit across major Asian cities spanning Hong Kong, Beijing, Kuala Lumpur, Seoul, Bangkok, Jakarta, Singapore, Taiwan, Mumbai, Manila and Tokyo.