Ruo Yang has joined JP Morgan as head of technology, media and telecommunications (TMT) for China, according to an announcement seen by FinanceAsia and confirmed by a JP Morgan spokesperson.
Yang, who will continue to be based in Hong Kong, will report to Mark Fiteny, JP Morgan's head of TMT Asia Pacific, in addition to David Lau and Michelle Yang, JP Morgan's co-heads of investment banking, China.
In this role, Yang has been tasked with leading the bank's TMT business in China, to support growth across Chinese technology clients, and drive the bank's China TMT agenda, according to the announcement.
Yang replaces Crystal Zhu who joined Morgan Stanley earlier this year as co-head of Apac technology investment banking.
Yang has exerience in the technology sector and previously served as chief financial officer (CFO) at Shopline and Xiaohongshu, and was also a co-CFO at conglomerate Fosun. He has more than a decade of investment banking experience, previously serving as a managing director on the TMT investment banking team at Citi, where he led US and Hong Kong initial public offerings (IPOs) and advised on a wide spectrum of M&A transactions, according to the announcement.
Since May this year, JP Morgan has helped lead large financings for several Chinese issuers, including for Alibaba, Trip.com and Ping An.
JP Morgan also recently appointed its North Asia chairwoman Kam Shing Kwang to lead its Hong Kong office effective October 1.
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