Developer Kaisa lures ex-ECM banker for finance role

The first Chinese developer to default on its offshore debt is steadily getting back on its feet. It's now brought in a former Deutsche banker to lead its financial operations.

Developer Kaisa lures ex-ECM banker for finance role

Kaisa Group, which earned notoriety in January 2015 as the first Chinese developer to default on its offshore debt, once seemed an unlikely destination for a high-flying banker.

However three and a half years on, the company has managed to lure Edward Lau Fu-keung, most recently of Deutsche Bank, to take over as chief financial officer from the departing Habibullah Abdul Rahman.

It underlines the turnaround at Kaisa, which was...

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