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...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

EVENTS