SocGen Taps UBS’s Cheung to Lead APAC Equity Capital Markets

Société Générale has hired UBS’s veteran banker Raymond Cheung to lead its Asia-Pacific equity capital markets division, effective March 2026. Cheung, previously a managing director at UBS, will oversee SocGen’s APAC ECM operations, focusing on IPOs, follow-ons, and block trades. The move strengthens SocGen’s regional leadership amid intensifying competition in Asia’s equity markets, where deal volumes have rebounded post-pandemic. Cheung’s appointment follows a series of high-profile hires as global banks bolster their APAC teams to capture growing capital-raising activity. This strategic hire aligns with SocGen’s broader push to expand its investment banking footprint in Asia, targeting institutional and corporate clients.