The Asia Credit Wrap

Pramod Shenoi is responsible for steering the firm’s operations in the region and growing its research team and coverage. He joined CreditSights in December 2019 to Head Asia Pacific research for Financial Institutions, which he continues to be responsible for. Prior to joining CreditSights, Pramod spent 17 years in Debt Capital Markets covering Financial Institutions clients in Asia and Europe.

Pramod joined Lehman Brothers’ DCM FIG origination team in London in 2002, covering UK and Irish banks and insurers, and transitioned to Nomura in 2008. He moved to Standard Chartered in Singapore as a founding member and subsequently head of the DCM Capital solutions team in 2010, advising the bank’s clients in Asia, the Middle East, and LatAm on Basel III compliant instruments, corporate hybrids, bond liability management and sustainability bonds, before heading Mizuho Securities’ DCM FIG coverage in Asia (ex- Japan) between 2016-2019.

He holds a Bachelor’s degree in Economics from St.Stephen’s College, University of Delhi, and an MBA from the Indian Institute of Management, Ahmedabad.

Sandra became Co-Head of Asia-Pacific Research in 2021 and is responsible for guiding the region’s research output, with a focus on corporate credit issuers and thematic research. She has over 18 years of experience in credit research and has analysed high yield, distressed and investment grade credits across a variety of sectors in Asia, Europe and North America.

Sandra joined CreditSights in 2011 and served as Head of Asia-Pacific from 2017-2020, guiding the firm’s Asian business and regional strategy. She stepped down from the role in 2020 to spend more time with her family. Prior to joining CreditSights, Sandra was a director in Barclays Capital’s Asian credit research team, covering North Asian corporates. She has also worked in Singapore as a high yield analyst at Credit Suisse and a high yield and distressed debt analyst at UBS Principal Finance. Sandra began her career at JPMorgan in London, working in the European real estate M&A division and later in the bank’s European credit research team.

Sandra graduated from the University of Cambridge with an MA in Italian and French. She is a native Cantonese speaker and holds a diploma in modern Chinese from the School of Oriental and African Studies in London. She is a CFA Charterholder and holds a CFA Certificate in ESG Investing.

Zerlina is a senior analyst with the Asia Pacific corporate team. Her current coverage focuses on China macro, Chinese local government financing vehicles (LGFVs), and Chinese & Korean corporates. Prior to joining CreditSights, Zerlina headed the credit risk assessment team of IHS Markit in Asia (now part of S&P Global), covering non-rated Asian credits. She has also worked as a senior rating analyst of Chinese LGFVs and properties with S&P Rating Hong Kong. Zerlina began her career at the rates & FX trading desk of Goldman Sachs in New York in 2009. Zerlina graduated from the Wharton School of the University of Pennsylvania with a BS in Finance and holds an MA in Economics from the University of Hong Kong. She is a CFA Charterholder.

Lakshmanan covers Asian High Yield and Investment Grade corporates. Prior to joining CreditSights in 2016, he worked as a senior credit analyst at Credit Suisse for 6 years in credit risk management and credit desk analyst roles. He has credit analysis experience across the Asia-Pacific issuer universe in global investment banks since 2008. He has covered corporates across various sectors, rating spectrum and credit products. A CFA charterholder, Lakshmanan holds a MBA degree with specialization in Finance/Marketing, a Bachelor’s degree in Engineering and the FRM (Financial Risk Manager) certification from GARP, USA.