Barclays hires head of China research from HKMA

The bank says the hire of Wensheng Peng completes the build-out of its macroeconomic research team in Asia-Pacific.
Barclays Capital has hired Wensheng Peng from the Hong Kong Monetary Authority (HKMA) as head of China research in a move that the UK investment bank says completes the build-out of its macroeconomic research team in Asia-Pacific.

Peng, who will have the title of director, will be responsible for the bankÆs coverage of macroeconomic research on China and Hong Kong. He will report to Peter Redward, BarclayÆs head of emerging Asia research.

Peng ôbrings to Barclays Capital a wealth of experience in analysing the Chinese macro-economy and financial markets, further enhancing and differentiating our Asian macroeconomic research offering,ö Redward says in a written statement announcing the appointment.

At the HKMA, which acts as Hong KongÆs central bank, Peng was most recently head of the external division (China affairs) and responsible for overseeing research on macroeconomic and financial sector issues in China. He also covered development and cooperation initiatives with the mainland. Prior to that, he was head of the HKMAÆs economic research division. He started his career in 1993 as an economist with the International Monetary Fund in Washington DC.

The appointment of Peng is the latest in a series of hires made by Barclays in the past seven months to beef up its research capabilities around Asia. In November last year it hired Sailesh Jha from Credit Suisse as director and senior regional economist with responsibility for the coverage of India and Indonesia, and Wai Ho Leong from Singapore's Ministry of Trade & Industry as an associate director and regional economist focusing on Singapore, Malaysia and Taiwan. In April this year, it brought Kyohei Morita on board as a director and chief economist for Japan.
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