BOCI hires Daniel Ng as new IBD head

Daniel Ng, who left China Merchants Securities (HK) last October, has returned to Bank of China International to head its investment banking division.

Daniel Ng, who left China Merchants Securities HK last October, has returned to Bank of China International to head its investment banking division, according to two people familiar with the matter.

Ng joined China's oldest investment bank last month to replace the already-departed Li Xin, who had previously overseen investment banking at BOCI. Ng will continue to be based in Hong Kong, both people said.

A spokesperson for BOCI confirmed that Ng had joined the bank but declined to offer more details about his position.

According to a fourth banking source, Li is set to join Everbright Securities International, a Hong Kong-based...

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