Francis Leung resigns

BNP Paribas Peregrine chairman announces his retirement from the firm to head up investment banking operations at Salomon Smith Barney.

Francis Leung has confirmed market rumours that he is to resign from his position of chairman of BNP Paribas Peregrine, effective June 30. It has also been confirmed that he will head up investment banking operations at Salomon Smith Barney SSB.

Leung is one of the best known equity bankers in the Hong Kong market. He was one of the founders of Peregrine back in 1988 and was instrumental in much of that firm's initial success. He was recently cleared in the government report into the ill-fated investment bank's demise - one of the only directors to be exonerated.

Since BNP bought the rump equity business of Peregrine in 1997, Leung has maintained...

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