First it was Zhang Liping joining CSFB after a few years in the corporate world. Now Eugene Lai has been persuaded to hang up his chief executive's hat and return to an investment banking career. Lai has been made chief country officer and head of investment banking for JPMorgan in Malaysia.
The trend of ex-bankers leaving the corporate world to come back to banking perhaps suggests the good times are here again for the deal makers. It might also point to the paucity of available talent presently sitting in banks after the brutal 'de-cruiting' of 2001-2003.
Lai returns to banking from The Ascott Group where he...
