HONG KONG, March 6, 2017 /PRNewswire/ -- China Renaissance Group today announces the combination of its Hong Kong and United States businesses into China Renaissance International, which will become a unified international business platform with a joint operational infrastructure. In today's global financial markets, our clients increasingly look to China Renaissance to provide business solutions across geographic regions, products, and industries. The combination of our Hong Kong and United States operations will allow us to provide unified, one-stop securities and financial services to our international clientele.
Jason Lam, President of China Renaissance Securities (Hong Kong) Ltd, will take on the additional role as Head of China Renaissance International. All business units and operational functions in Hong Kong and the United States will report to him. Prior to joining China Renaissance, Jason served as the co-head of Credit Suisse Group's technology division in Asia Pacific and as a member of the Asia Pacific technology team at UBS Investment Bank. At China Renaissance, Jason has led the development and growth of China Renaissance's equity capital markets business.
"The combination of our Hong Kong and United States businesses will enable us to take our ability to match global capital with companies in the new economy to the next level and we will be able to provide our international securities and financial services to our clients more efficiently," said Jason Lam.
Jonathan Hong, Chief Operating Officer of China Renaissance US, will be promoted to President of China Renaissance Securities (US) Inc. In this new role, Jonathan will lead our United States sales, trading, and research business as well as our United States operational platform. Jonathan has been with China Renaissance's United States business since its inception in 2012 and has been instrumental in its growth.
Henry Wang, Director and Head of China Sales, will be promoted to Head of Asia Sales and Trading. Henry will be responsible for deepening the firm's equity client and sales relationships as well as our equity trading business in Hong Kong.
Yang Xia, currently Global Head of Equities, has decided to pursue his entrepreneurial career in the fintech sector. He will remain as a Senior Advisor at China Renaissance and advise the firm on equities and fintech strategy.
With these changes, Andrew MacInnes, CEO of China Renaissance Securities (US) Inc., will be leaving the firm to pursue other opportunities.
Under Jason's leadership, China Renaissance International will provide comprehensive securities and financial services, including private placement, corporate finance, securities underwriting, financial advisory, capital markets, sales and trading, and equity research, to our clients in Mainland China, Hong Kong, and the United States. This further strengthens our position as a bridge between these geographies and highlights our unique capability in executing cross-border transactions. With the new business platform in place, China Renaissance International will be well positioned to realize our vision to be a one-stop provider of global financial services.
About China Renaissance
China Renaissance Group is a leading financial institution providing a range of financial services, including private placement advisory, M&A advisory, securities underwriting, sales & trading, and investment management. The group is dedicated to serving China's new economy entrepreneurs with one-stop financial solutions in Mainland China, Hong Kong, and the United States.
China Renaissance maintains offices in Beijing, Shanghai, Hong Kong, and New York, employing approximately 500 professionals. Since its establishment in 2004, China Renaissance has grown to become a top advisor and service provider to China's entrepreneurs and investors. As of December 2016, the group has completed more than 420 transactions with over USD 80 billion in total deal value.
For more information, please visit: www.chinarenaissance.com
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SOURCE China Renaissance Group