This should be telling us something about capital markets debt levels in China at the moment
Here’s the press release
http://www.finews.asia/finance/22652-allen-and-overy-hong-kong-singapore-capital-markets
Allen & Overy has announced the expansion of its Greater China debt capital markets practice and the relocation to Singapore of a capital markets specialist partner.
In a note to finews.asia the firm said they had hired Liang (Alex) Tao, a Mandarin speaking U.S. partner, to its Hong Kong office.
Tao joins from Davis Polk & Wardwell LLP where he attained a broad range of experience across debt and equity transactions (including high yield bond offerings) and developed a track record of working on some of the most complex and challenging deals out of China.
Tao graduated from Fudan University School of Law in Shanghai, China and University of Chicago Law School. He is admitted to practice in the State of New York and Hong Kong and is also qualified in the People’s Republic of China.
U.S. Securities Influence
At the same time, Hong Kong partner Alex Stathopoulos (pictured) will be moving to Allen & Overy’s Singapore office. Tao’s arrival and Stathopoulos’ relocation will further reinforce the U.S. securities support offered to clients across the Asia Pacific region alongside the recent appointment of Mark Leemen as a U.S. securities partner in Australia.
«We are committed to the continued growth of our U.S. capital markets offering. With the combination of Alex Tao’s appointment and Alex Stathopulos’ relocation to Singapore, we are confident that we can offer clients an extremely high level of U.S. securities support across the Asia Pacific region,» said Simon Hill, global co-head of Allen & Overy’s International Capital Markets practice.
Tao’s appointment as a partner in the Hong Kong office follows that of Charlotte Robins who joins as a partner in the Hong Kong regulatory practice.