Ruo Yang has joined JP Morgan as head of expertise, media and telecommunications (TMT) for China, in keeping with an announcement seen by FinanceAsia and confirmed by a JP Morgan spokesperson.
Yang, who will proceed to be primarily based in Hong Kong, will report back to Mark Fiteny, JP Morgan’s head of TMT Asia Pacific, along with David Lau and Michelle Yang, JP Morgan’s co-heads of funding banking, China.
On this position, Yang has been tasked with main the financial institution’s TMT enterprise in China, to assist development throughout Chinese language expertise shoppers, and drive the financial institution’s China TMT agenda, in keeping with the announcement.
Yang replaces Crystal Zhu who joined Morgan Stanley earlier this 12 months as co-head of Apac expertise funding banking.
Yang has exerience within the expertise sector and beforehand served as chief monetary officer (CFO) at Shopline and Xiaohongshu, and was additionally a co-CFO at conglomerate Fosun. He has greater than a decade of funding banking expertise, beforehand serving as a managing director on the TMT funding banking group at Citi, the place he led US and Hong Kong preliminary public choices (IPOs) and suggested on a large spectrum of M&A transactions, in keeping with the announcement.
Since Might this 12 months, JP Morgan has helped lead massive financings for a number of Chinese language issuers, together with for Alibaba, Journey.com and Ping An.
JP Morgan additionally lately appointed its North Asia chairwoman Kam Shing Kwang to steer its Hong Kong workplace efficient October 1.
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