UBS Appoints Cai Hongping Chairman of China’s Investment Banking
(SinoCast Via Thomson Dialog NewsEdge)BEIJING, Apr 04, 2006 (SinoCast via COMTEX) –UBS AG, a global leading financial service provider, appoints Cai Hongping the chairman of the investment banking business in China.
Mr. Cai, formerly served in BNP Paribas, has 12 years of experience in helping the state-owned companies go public and vie for underwriting business of USD 2.5 million, in which BNP Paribas was a leading bank and arranger.
Robert Rankin, joint head of USB investment banking business in Asia, reveals that Mr. Cai has been doing the investment banking business for ten years and is a senior investment banker. He had in-depth understanding of the Chinese private companies in various industries, including manufacturing, transportation, infrastructure, retail, and power and energy. The coming of Mr. Cai will help UBS AG to improve the current business in China.
Cai Hongping joined BNP Paribas in 1997 and became the managing director in 2002. Later, he was promoted to be the joint head of the bank’s Asian business.