Chinese investment banks, eager to expand their business interests offshore, are emerging as one of the biggest recruiters of senior talent from Western banks.
HSBC, having announced a hiring and pay freeze in late January, has already seen two of its senior investment bankers leave to join Chinese investment banks.
May Liang, a managing director of global banking at HSBC China, moved to China Merchants Securities HK as head of investment banking last month, replacing Daniel Ng, who left the Chinese firm in October last year.
Bing Li, a managing director of HSBC’s China corporate finance team, also left in...
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