Bank of Communications International has poached former Citic CLSA Securities banker Diva Hon as an executive director of its equity capital markets team, a Bocom International spokesperson confirmed when contacted by FinanceAsia.
Hon spent more than nine years with Citic Securities, having joined the Chinese brokerage in 2006. She subsequently moved to Citic CLSA Securities as a director in November 2013.
CLSA was majority-owned by Credit Argicole before the acquisition by Citic Securities in July 2013. In May 2015, Citic CLSA Securities was formed through the merger of CLSA and Citic Securities International, the investment banking division of China’s largest broker by assets.
During her tenure at Citic CLSA, Hon has overseen some of the biggest equity capital market transactions in the financial sector, including Bank of China’s $9.7 billion Hong Kong IPO in 2006, China Citic Bank’s $5.4 billion dual listing in Hong Kong and Shanghai in 2007, as well as Bank of Communications’ $4.8 billion rights issue in 2010.
Hon had brief stints at Bank of China International and ING before joining Citic Securities, according to a source familiar with the situation.
In her new role Hon will report to Esther Wong, head of equity capital markets of Bocom International. Wong joined the international investment banking and securities division of Bank of Communications in March this year.
Bocom International witnessed a major personnel reshuffle early this year after the departure of ex-head of ECM Lisa Lim, who joined BOC International as a managing director of ECM. Former vice president Dominic Cheung subsequently departed to join Guangfa Securities, while assistant vice president Hugh Xu moved to Haitong Securities.
Bocom International was joint global coordinator on a number of high-profile IPOs this year such as GF Securities’ $4.1 billion IPO and Guolian Securities’ $460 million transaction. The Chinese investment bank was also a joint bookrunner of Legend Holdings’ $1.97 billion IPO and a sole sponsor of D&G Technology’s $50 million deal.
Hon holds a degree in accounting and finance from the University of Greenwich.
