HONG KONG (Reuters) – China International Capital Corp Ltd (CICC) has actually selected experienced dealmaker Wang Shuguang to lead its financial investment banking organization, stated 2 individuals with understanding of the matter.
The consultation, efficient July 11, comes as Wang Sheng, the bank’s previous financial investment banking head, has actually transferred to China Galaxy Securities to take control of as president of the smaller sized peer.
The 2 have the very same surname however are unrelated.
CICC did not instantly react to an ask for remark.
Wang Shuguang signed up with the nation’s earliest financial investment bank in 1998, 3 years after it was established, and has more than twenty years of experience in dealmaking, according to a main bio.
He developed CICC’s development business financial investment banking department, which concentrates on serving China’s fast-growing brand-new economy business and has actually assisted diversify the bank’s customers beyond the state-owned business neighborhood.
Wang was most just recently the co-head of CICC’s Capital Management, its alternative financial investment arm.