China banker swapping continues

Morgan Stanley hires Kai Yang from Citigroup.
In what looks like a bizarre swapping of China staff between two US firms, Morgan Stanley has hired Kai Yang from Citigroup. This follows its own recent loss of managing director and co-head of China investment banking, Jing Zhao to Citigroup, who became a managing director in CitigroupÆs China investment banking team.

Morgan's hire of Kai Yang may go some way to filling the gap left by Zhao. The 40-year old Beijing-and-Oxford educated Yang will report to CG Wu, Morgan Stanley's head of China investment banking and MD Yang - and leaves Citigroup after just seven months.

If anybody were counting one could say Morgan Stanley is slightly ahead, since this is its second hire...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222