Banco Bilbao Vizcaya Argentaria BBVA has hired CLSA’s Paul Lai for a new role as head of corporate and investment banking for Asia, as the Spanish bank continues to expand in the region, an external spokeswoman confirmed yesterday.
Lai was most recently head of Hong Kong and Greater China investment banking at CLSA, which he joined in January 2010. He left the Hong Kong-based brokerage and investment bank at the end of April.
At BBVA he will report to Gonzalo Torano, who is managing director for Asia.
BBVA has been building an investment banking presence in Asia in recent years, as it...