Ernest Lee has joined OCP, the Pan-Asia investment manager, as senior portfolio manager, to support the expansion of the company’s credit business.
Prior to joining OCP, he was the managing director and head of the Principal Finance Group, Asia Ex-Japan at Nomura. He also held senior roles in Deutsche Bank and Credit Suisse. Lee is a veteran in the credit field with extensive experience in the emerging markets financing business.
“We believe a long-term structural mismatch between corporate credit demand and supply has created a highly attractive market opportunity in Asia Pacific. High barriers to entry favour incumbents in the region who can offer partners flexible and timely financing based on specialised local-market knowledge gained from extensive experience,” is how Dan Simmons, partner of OCP Asia, explained the opportunity he sees in Asia.
“Ernest will help drive the ongoing growth in primary financing transactions at OCP due to his strong industry contacts and working knowledge of local markets, both of which are essential to operate successfully and sustainably across multiple geographies and industries in the region,” added Teall Edds, partner of OCP Asia.
In his new role, Lee will be involved with investment origination, deal assessment and risk management across Asia Pacific. He will be based in the Singapore office starting August 2016.
OCP has been growing its credit business in the region and has hired former Carlyle senior executive Matthew Hunter as a consultant to oversee the financing opportunities in Australia. Recently, it has been involved in the recapitalization of Australia-listed lithium producer Galaxy Resources and provided senior secured financing to mining and energy services company AJ Lucas, also listed in Australia.
OCP Asia is a credit-oriented investment fund manager established in September 2009 providing customized financial solutions to Asia-Pacific SMEs and their controlling shareholders through privately negotiated secured credit investments.