Big-spending HNA names ex-banker as HK CIO

Former Barclays and Goldman Sachs banker Patrick Kwan will lead HNA Group (International)'s investment strategy.

Patrick Kwan, Barclays’ former co-head of investment banking in Asia-Pacific, has joined the Hong Kong subsidiary of high-flying Chinese tourism-to-property conglomerate HNA Group, according to a company statement.

HNA Group International, the conglomerate’s Hong Kong-headquartered investment holding subsidiary, has appointed the veteran investment banker as chief investment officer effective April 10, according to the statement. His main responsibility will be managing the company’s investment projects and the related financing activities.

He becomes the latest well-known name to leave the banking industry in Asia-Pacific. He left Barclays last year, at a time of change as the bank closed its Asia cash equities business and placed...

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