Two senior bankers have quit China Merchant Securities (CMS) amid sky-high demand for healthcare and technology bankers in Hong Kong.
Kevin Yang, who was head of the bank’s head of the bank’s technology media and telecom (TMT) investment banking team as well as its overall coverage effort, is joining Bank of America. Yang joined CMS in 2016 from Morgan Stanley.
Meanwhile, Hui Zhang is understood to have resigned from CMS as head of healthcare investment banking, according to two sources. It is not known whether he is joining for another firm, but there is currently a scarcity of bankers in both healthcare and technology, from junior execution staff to senior rainmakers.