By his mid-30s, SC Lowy co-founder and CEO Michel Löwy had already become one of Asia’s top investment bankers, having built one of the largest and most profitable business groups in the industry. Partnering with Soo Cheon Lee, his colleague at Deutsche Bank and Cargill for almost 15 years, Löwy set out in 2009 to establish the only independent fixed income specialist with full investment bank capabilities.
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THE BEST DECISION
“We had a lot of naysayers when we first set up this business in 2009,” recalls Löwy. “In this tight-knit market we knew it would be tough to succeed where others had failed. Ultimately, by sticking to our principles and our instincts, we proved that we had the expertise and capability to deliver. Creating this company was, no question, the best decision of my professional life.”
RECOGNITION AND EXPANSION
The starting team gained early recognition as the distinction of its model drew attention. They immediately began trading Asian loans and launched their Middle East business the following year. Since its inception, SC Lowy has ranked among the top three players across Asia-Pac, the Middle East and Australia.
SC Lowy then moved into Asian high-yield bonds and soon after began dealing European loans. The group expanded its offerings to include convertible bonds in 2014, and shortly after made its debut in the debt capital markets with its first US-dollar bond issue.
As the firm grew, it began identifying opportunities in special situations, including its landmark advisory and innovative Debtor-In-Possession financing for Korea Line. SC Lowy purchased Cheoun Mutual Savings Bank in 2013 and Credito di Romagna in 2018.
In 2011, the company established its first overseas coverage in New York, followed by the opening of its London office the following year. In 2014, Seoul became its next addition and in 2018, Milan. Virtually all of the founding team has remained with the company, including top leadership Jamie Tadelis, David Beckett and Steve Lyons.
Today, SC Lowy is a top player in both loan and bond secondary trading, and ranks among the leaders across Asia-Pac, the Middle East and Australia.