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
Prospa last week pulled its planned Australian Securities Exchange float in the wake of discussions with the corporate regulator, the Australian Securities and Investments Commission (ASIC), over the terms of its contracts.