Salomon re-boots China team after HSBC poaches Huan

Salomon Smith Barney shrugs off the loss of Huan Guocang and part of his team to HSBC.

The bank has announced the appointment of Willy Liu from JP Morgan and Kenneth Koo from Goldman Sachs, following the departure of vice chairman Huan Guocang, who has become head of HSBC's China investment banking division.

Huan, hired from BZW in 1997, was initially regarded as Salomon's key mandate winner on the Mainland, where he was renowned for his close client contacts. He swiftly swept up through the ranks, becoming co-head of investment banking alongside Sanjiv Misra, Salomon's former head of equity capital markets. Last year, as Misra's star appeared to be a new ascendancy, Huan became vice chairman.

At HSBC, Huan will report to Nick Bryan-Brown and Peter Au-Yang,...

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