HONG KONG, July 22, 2014 /PRNewswire/ — China Renaissance Securities (Hong Kong) Limited ("China Renaissance") today announced a senior executive hire and the creation of co-heads of Investment Banking as it bolsters its executive team in line with the growth in its business.
The firm has hired Yang Diao as Co-head of Investment Banking to lead China Renaissance’s investment banking team alongside Jason Lam, who joined last year to oversee its Equities Capital Markets division. Together, Mr. Diao and Mr. Lam will be responsible for driving the strategic direction of China Renaissance’s investment banking business. Both men will report to Fan Bao, Chairman and CEO of China Renaissance.
Mr. Diao, who will be based in Hong Kong, joins China Renaissance after ten years at J.P. Morgan. He possesses extensive global and China experience and has a considerable track record advising China’s leading TMT and financial industry players on major transactions in Hong Kong, China and the United States.
Fan Bao, Chairman and CEO of China Renaissance, commented, "We are building a deep bench of top investment banking talent as we look for leaders to manage the growth in our business. The addition of Yang, another longtime dealmaker from a global investment bank, shows how our successful entrepreneurial business model is attracting top industry talent."
China Renaissance has expanded rapidly from an advisory firm to a full-service investment bank within ten years, based on its commitment to serving China’s "new economy entrepreneurs," those using Internet-based and information technology to build new business models. It has brought on board a robust team of local and international investment bankers.
Mr. Diao brings to his role strong insight into China’s TMT and consumer industries, built from 15 years of experience in global capital markets and M&A transactions. He was with J.P. Morgan since 2004 and served as Co-Head of China Corporate Finance from 2009 to 2011, responsible for all capital markets transaction execution activities for Chinese clients. Mr. Diao was promoted to Managing Director at the beginning of 2011, and beginning in 2012 led J.P. Morgan’s investment banking coverage for TMT clients in China. He started his investment banking career in New York with Credit Suisse First Boston in 1997. He received his MBA degree from Columbia Business School in 2001.
Mr. Diao will formally join the company in mid-October 2014.