Credit Suisse has announced the appointment of Mark Uy as country manager for the Philippines, effective December 1 this year. This is in addition to his existing responsibility as head of Philippine coverage for investment banking and capital markets (IBCM). As the country manager, Uy will report to Edwin Low, in his capacity as CEO for Southeast Asia and Frontier Markets. Low is also co-head of IBCM for Asia-Pacific.
As head of the Philippine coverage for IBCM, Uy reports to Rehan Anwer and Pankaj Goel, co-heads of Southeast Asia and Frontier Markets IBCM.
Uy joined Credit Suisse in 2019 from J.P. Morgan, and has since originated a record number of IBCM transactions in the Philippines. Credit Suisse has been very active in the Philippine equity capital markets, including acting as joint bookrunner in the initial public offerings of Allhome and Converge ICT Solutions, as well as sole global coordinator and bookrunner for the US$40 million overnight placement of Century Pacific shares.
In the debt capital markets, Credit Suisse acted as sole global coordinator and bookrunner on the US$300 million additional tier 1 (AT1) issuance for Rizal Commercial Banking Corporation - the first AT1 issuance in the Philippines under the Basel III framework.
Credit Suisse has also led a number of sustainable and green bond offerings from the Philippines, including US$500 million sustainability notes for Manila Water Company - the single largest sustainability bond issued by a listed water utility in Asia and the first Asean sustainability bond by a corporate issuer out of the Philippines.
Commenting on Uy’s appointment, Low says: “The Philippines is an integral part of our top-ranked Southeast Asia and Frontier Markets franchise, presenting a significant opportunity for our business. In his expanded role, Uy will leverage his knowledge and local market expertise, while tapping into Credit Suisse’s global platform, to deliver integrated, differentiated products and solutions to our clients in the Philippines.”