Salomon's Ren Revolution

Salomon is fast repairing its guanxi in China with some top-notch hirings.

Fresh from grabbing Francis Leung from BNP Paribas Peregrine to become its chairman for Asia with special responsibility for China, Salomon is about to announce it has also hired Margaret Ren.

Ren is the superbly connected former head of China for Bear Stearns. She will join in a senior role at Salomon, working alongside Leung, and will focus on winning big privatization mandates from China.

Ren is a well-known figure in Beijing and Shanghai circles, having pulled off some investment...

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