Developer Kaisa lures ex-ECM banker for finance role

The first Chinese developer to default on its offshore debt is steadily getting back on its feet. It's now brought in a former Deutsche banker to lead its financial operations.

Kaisa Group, which earned notoriety in January 2015 as the first Chinese developer to default on its offshore debt, once seemed an unlikely destination for a high-flying banker.

However three and a half years on, the company has managed to lure Edward Lau Fu-keung, most recently of Deutsche Bank, to take over as chief financial officer from the departing Habibullah Abdul Rahman.

It underlines the turnaround at Kaisa, which was last year able to return to the bond markets as it put its operations back on a stable footing. It also underlines the growing attraction of the corporate sector to bankers at a time when...

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