Morgan Stanley China head of of investment banking quits
03.15.2006, 07:58 PM
BEIJING (AFX) – Morgan Stanley’s co-head of China investment banking, Zhao Jing, has resigned amid a wider management shake-up in the company’s China business, the Wall Street Journal reported.
Zhao, who joined Morgan Stanley in 1994, was the firm’s chief representative in Beijing and worked on last year’s 9.2 bln usd initial public offering of China Construction Bank Corp, the report said.
She has discussed joining Citigroup, according to people familiar with the matter, but has yet to reach a deal, the report added.
Last month, Morgan Stanley hired Wei Christianson, formerly the head of China investment banking at Citigroup Inc., to be its China chief executive after 11-year veteran Jonathan Zhu resigned to join private-equity house Bain Capital LLC.
Christianson will start working in May after a three-month leave required by Citigroup before joining a competing firm.
In the past several months, the firm has lost several investment bankers in Asia, such as Zhu and India banker Mihir Doshi, who left to join Credit Suisse Group.
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