Fixed–income specialist SC Lowy has appointed Florian Schmidt to run its expanding global debt capital markets (DCM) business, the firm said in a statement.
Schmidt has been appointed to the new position of head of debt capital markets with immediate effect, and will oversee the expansion of SC Lowy’s primary debt issuance capabilities on the public bond side as well as in private special situations.
“Hiring Florian and building a DCM team represents a decisive move to our next phase, building on our recent entry into DCM,” Michel Lowy, chief executive and co-founder of SC Lowy, said in a statement.
Schmidt joined SC Lowy from ING Bank where he headed the high–yield debt capital markets group and will report to Soo Cheon Lee, co-founder and chief investment officer of SC Lowy.
Prior to ING, he worked for Deutsche Bank, HSBC and Bank of America. During his career he originated and executed various landmark transactions, especially in the high-yield sector.
“I am delighted to be joining SC Lowy, an investment banking business that has been and continues to be strongly committed to high-yield, a product Asia Inc. will increasingly rely on as disintermediation runs its course,” Schmidt said.
SC Lowy trades in secondary loans in Asia-Pacific and is one of the region’s major high–yield bond traders. Headquartered in Hong Kong, it also has offices in London, New York, Seoul and Sydney, and has a global client network of more than 500 international and regional banks, asset managers, hedge funds, private equity and pension funds, family offices and corporations.