CCB snatches Schulte from Nomura

Paul Schulte, a former managing director at Nomura, has been hired as global head of financial strategy and Asian bank research at CCB International Securities, the brokerage arm of CCB International.

CCB International Securities (CCBIS), the brokerage arm of China Construction Bank's investment banking unit CCB International, has appointed Paul Schulte as its global head of financial strategy and Asian bank research.

Schulte will be based in Hong Kong and will cover regional banks and help to integrate sovereign credit, fixed income and currency views into the firm's newly established equity research platform.

Having engaged in equity research for more than 20 years, Schulte was most recently with Nomura International, where, as a managing director, he served as head of multi-strategy and Asia-Pacific bank research. Prior to that he was chief equity strategist for Asia ex-Japan at Lehman Brothers.

“With his extensive experience and track record of success, we believe Paul will build a top-rated financial research platform for our clients. CCBIS is committed to enhancing our research coverage footprint broadly and deeply. Paul’s appointment will be a tremendous asset to our research team as we continue our expansion plans in Hong Kong, Beijing and Shenzhen.” Stanley Leung, managing director of CCBIS, said in a written statement.

This marks the latest in a string of senior appointments at CCBIS. The firm has added around 10 people to its equity research team so far this year and currently has 40 analysts providing economic, industrial and company-specific analysis on traditional and emerging industries in China and Hong Kong. CCBIS plans to expand the crew to over 70 in the future, according to a spokeswoman at CCBI.

Schulte had worked as an analyst with the National Security Council at the White House in Washington, DC, and is currently a visiting scholar at the University of Science and Technology in Hong Kong.

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