China Renaissance makes healthy hire from CIMB

With an eye on China's growing health needs, the investment bank brings in a veteran sector expert to focus on IPOs, M&A and private placements in the healthcare industry.

Joe Lai, a veteran of the healthcare sector, has joined China Renaissance from CIMB as the Chinese investment bank looks to a sector that is growing in importance as China's population ages.

Based in Hong Kong, Lai reports to Jason Lam, head of China Renaissance International, the unit that encompasses its Hong Kong and US operations. He is a managing director in the investment banking department and joined in early December, a Hong Kong-based spokesman told FinanceAsia.

A growing emphasis on wellness and lifestyle has transformed the business and investment landscape, as China's growing middle class spends to eat healthily and take supplements to...

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