Money & Power .. Money & Power? must be the motivation? .. probably doesn’t even need the former and just after the latter…
After reporting Shao’s “move” yesterday the more we thought about it the more it disturbed us .. not exactly a responsible thing to do – is accept such a senior position and then give it up for something more prestigious a few months later. If AALE were the other Linklaters partners we’d be mightly pissed off.. but then again we presume if he’s left on good terms they’ll be thinking of the new contacts they could have in China.
Still doesn’t seem right though
Here’s the latest reports..
Linklaters Asia Head Leaving for J.P. Morgan
As reported by London’s Legal Week, Zili Shao, the managing partner of Linklaters’s Asia practice, is leaving the Magic Circle firm for J.P. Morgan Chase & Co. Shao had led the practice only since May, when he was voted in as a replacement for Giles White, who left for a GC job at Hong Kong conglomerate Jardine Matheson.
At J.P. Morgan, Shao will act as CEO of the firm’s China operations, according to The Wall Street Journal, including investment banking, treasury services, and asset management. He’ll also be looking to build a successful banking platform inside China, something rivals, including Goldman Sachs Group Inc. and UBS AG, already have done.
Shao, whose practice focuses on M&A and private equity investments, joined Linklaters in 1998 and founded the firm’s Shanghai and Beijing offices in 1998 and 2001, respectively.
The search for Shao’s replacement at Linklaters has already begun, firm representatives told Legal Week, and an appointment is expected within the next few weeks.
http://amlawdaily.typepad.com/amlawdaily/2009/11/linklaters-to-jp-morg.html
Linklaters has lost its second Asia managing partner within 12 months following the announcement that Zili Shao will be leaving the firm in January.
Shao, who succeeded Giles White as Asia supremo earlier this year, will become chairman and CEO of JPMorgan?s China business.
He has been a partner at Linklaters for 11 years, leading the firm?s China practice for a decade for taking the Asia managing partner role.
