Fresh from grabbing Francis Leung from BNP Paribas Peregrine to become its chairman for Asia with special responsibility for China, Salomon is about to announce it has also hired Margaret Ren.
Ren is the superbly connected former head of China for Bear Stearns. She will join in a senior role at Salomon, working alongside Leung, and will focus on winning big privatization mandates from China.
Ren is a well-known figure in Beijing and Shanghai circles, having pulled off some investment bank coups over the years, winning Bear Stearns mandates that few other bankers could, and doing so without the massive investment banking presences of rivals such as Goldman Sachs and Morgan Stanley.
Charming and well...