China Merchants Securities' IB head departs

The departure of banking industry veteran Daniel Ng comes after more than three years at the Hong Kong brokerage, a unit of state-owned China Merchants Group.

Daniel Ng, head of investment banking at China Merchants Securities HK, left the firm earlier this week according to two sources familiar with the situation.

Ng also served as deputy chief executive officer of the brokerage, a unit of state-owned conglomerate China Merchants Group.

A veteran investment banker with a seat on the listing committee of Hong Kong Exchanges and Clearing HKEx, Ng joined China Merchants Securities in June of 2012.

He will likely remain in the banking industry, one of the sources told FinanceAsia.

Ng advanced the brokerage’s offshore business by leveraging the network of its...

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