JPMorgan hires Goldman veteran Yi Zhang as China IB co-head; Avity trims stake 2%
JPMorgan has hired Goldman Sachs veteran Yi Zhang as co-head of its China investment banking operations, where he will join Michelle Wang this summer while David Lau shifts to vice chair for Asia Pacific investment banking. Avity Investment Management trimmed its JPMorgan stake by 2% to 98,192 shares this quarter.
1. Appointment of Yi Zhang as China IB co-head
JPMorgan has appointed Yi Zhang, who led China industrials coverage at Goldman Sachs for over two decades, as co-head of its China investment banking operations alongside Michelle Wang. Zhang will join the team this summer, strengthening coverage of key sectors as dealmaking demand rises.
2. David Lau’s new Asia Pacific role
David Lau transitions to vice chair of investment banking for Asia Pacific, where he will expand oversight of major client relationships in Hong Kong, enhance engagement with local regulators, and continue leading the Asia Pacific healthcare practice.
3. Avity trims JPMorgan stake by 2%
Avity Investment Management reduced its position in JPMorgan by 2%, selling 2,018 shares and holding 98,192 shares after the transaction, reflecting a minor portfolio adjustment in the most recent quarter.