Links International was recently quoted in an article on eFinancial Careers regarding the increasing interest from Chinese tech companies in hiring investment bankers to help them with their international expansions and takeovers.
The reason for this increasing interest in investment bankers is due to the skillsets that these professionals from Western banks carry, namely working in mature markets and on cross-border deals.
To date, Goldman Sachs appears to be the investment bank that has seen the most moves from their employees into Chinese tech companies, which include Ant Financial Services and Alibaba, although Credit Suisse and J.P. Morgan have also lost senior employees to Chinese tech firms.
It isn’t only senior bankers who are making this move, however. Chinese tech companies are also seeking associates and VPs from investment banks, in particular those with experience within the technology sector.
Charity Ip, Senior Consultant in Asset Management here at Links International, was quoted as saying “the key career options for these bankers, particularly those in M&A, are in corporate development and corporate strategy teams within large Chinese corporates who have an inorganic approach to their growth.”
Furthermore, these corporates tend to be the larger, multi-national conglomerates who have multiple businesses under one umbrella.
To read the full article on eFinancial Careers, click here.
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