Bank of China International has established itself as the leading investment bank of China’s big four, but what will it take to make BOCI a real challenger to the international firms that it wants to compete with?
As part of its settlement, announced in early June, CBA will pay $700 million plus $2.5 million in legal fees.
Since the reform and opening-up 40 years ago, especially following the nation's entry to the WTO in 2001, the banking sector has seen an immense improvement in its overall strength.
Pres. Lee said he plans to speed up the bank’s overseas operation starting from Indonesia, Cambodia, Myanmar and Vietnam, stepping up exploration of financial markets in advanced nations.
This move by the bank, to expand its China investment-banking operations, comes as it seeks to increase focus on technology companies, with an investment-banking coverage in the country.
Bao, 47, who has previously worked at Morgan Stanley and Credit Suisse, has been described as one of the best-connected bankers in China.
Davidson, who has been with MUFG since 2012, will be responsible for growing a global team of bankers that focus on deepening existing relationships and increasing the group’s roster of technology clients