Citi names new head of China financial sponsors

Kenneth Leung takes over from Victor Yuan, who is returning to the US after a five-year stint in Hong Kong.

Citigroup has appointed Kenneth Leung to take charge of the bank’s financial sponsor coverage in China, replacing former head Victor Yuan, according to an internal memo seen by FinanceAsia.

Leung, who is now co-head of Asia-Pacific real estate and lodging, will take on a role that is increasingly important, covering private equity and hedge funds in China amid surging capital market activities as well as Chinese cross-border merger-and-acquisition activity.

The memo was co-signed by Mark Slaughter, head of Asia-Pacific corporate and investment banking CIB, and Greater China CIB head Chris Laskowski.

“Leung’s experience covering the real estate arms of...

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