Morgan Stanley Hires Exec Director, Invest Banking China
HONG KONG (Dow Jones)–Morgan Stanley (MS) said Thursday it hired Kai Yang as an executive director for its China investment banking team, based in Beijing.
Yang previously worked as chief representative in Beijing for Citigroup Inc. (C) and Swiss bank UBS AG (UBS).
Yang, who will start working at Morgan Stanley in May, will report to C.G. Wu, the company’s head of investment banking for China.
So far this year, Morgan Stanley is the top bookrunner for equity deals in China, according to Dealogic PLC (DL.LN), a capital markets data provider. The company has acted as bookrunner on US$339 million worth of deals. The firm was also the top bookrunner for China equity deals in 2005.
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