Merrill adds another senior China banker

Merrill Lynch has further strengthened its China investment banking team with the hire of Rodney Tsang, according to market sources. Tsang will join an expanding team at Merrill, which earlier this month hired Margaret Ren as a chairman of China investment banking.

Indeed, while Ren will focus her energies on SOEs and government privatisation mandates, Tsang will head up Merrill’s efforts to win mandates from Chinese private sector firms. The US firm sees this as a major area of growth, and wishes to follow up on the success of deals such as Nine Dragons IPO last year which it joint lead managed.

Tsang, who...