Wednesday, 17 July 2024
China Renaissance appoints Yang Xia as managing director and global head of equities
BEIJING - China Renaissance today announced that Mr. Yang Xia has joined the firm as Managing Director and Global Head of Equities, based in its Hong Kong office. Yang will lead the company's equities and research teams globally and report to Mr. Fan Bao, Chairman and Group Chief Executive Officer.
Yang offers a rare skillset and background having worked in specialized and quantitative parts of the investment banking industry and in several global financial centers. With advanced degrees in engineering and business as well as rich experience in proprietary and cash trading, Yang's highly refined expertise in designing optimal trading strategies, marketing and pre/post-trade analytics will help to boost the firm's development of equity trading products and services. In his 17-year career in the industry, he has worked in New York City, Hong Kong, Tokyo and Shanghai.
Prior to joining China Renaissance, Yang most recently, served as Managing Director and Head of Greater China Equities at Bank of America Merrill Lynch. Before that, Yang also had a distinguished career at UBS where he worked in various parts of the business. As Managing Director and Head of Greater China Equities at UBS, he was responsible for products and strategies across both A- and H-shares research, sales, corporate access, client trading and execution, derivatives, margin financing/stock lending, private brokerage/hedge funds and exchange-traded derivatives. Yang's previous roles at UBS also included managing equity business development and government/regulatory relations in China as Chairman of UBS Futures, working as Head of Asia Pacific Direct Execution Services for UBS Hong Kong and taking responsibility for client execution and algorithmic trading for UBS Tokyo. Before joining UBS, Yang held various positions at Credit Suisse, Lehman Brothers and Investment Technology Group.
Yang earned a Ph.D. in Electronic Design Automation from Carnegie Mellon University, an MBA from New York University, and separate bachelor's degrees in Electrical Engineering and Enterprise Management from Tsinghua University. Yang is also a CFA charterholder.
"We are pleased to have Yang on board," said Fan Bao, Chairman and CEO of China Renaissance. "We're committed to building an equities solutions platform to better serve high-growth 'new economy' enterprises in China as well as international investors looking for opportunities in this sector. Yang's expertise in trading technology will strengthen our competitive advantage as we believe the future of equities platforms will be technology driven."
"I'm proud to join China Renaissance to help build it into a premier global investment bank with a full suite of product offerings for China-related 'new economy' investment opportunities for both domestic and international investors. China Renaissance is uniquely positioned for this opportunity," said Yang.
Re-disseminated by The Asian Banker
