Chinese broker snaps up bankers from foreign competitors

China Renaissance Securities, a leading mainland broker, is hiring senior bankers from foreign rivals in a bid to expand its overseas operations.

The firm said on Friday that it has hired Jason Lam from Credit Suisse as head of equity capital markets. He will be based in Hong Kong and will report to Frank Au, president of China Renaissance.

Frank Au and Bao Fan, president and chief executives of China Renaissance

It is the broker’s second senior appointment within a week, having announced on Monday that it had hired Charles Kim from Mirae Asset Securities as its US...