BNP Paribas has hired Margaret Ren, one of the original China banking rainmakers, as chairman and chief executive of corporate finance, Greater China. Ren, most recently head of China Investment Banking at Merrill Lynch, made her reputation for her ability to use her connections in China to land big deals for her employers, first Bear Stearns and then Citigroup, where she worked until 2004. Those deals included getting Bear Stearns, which had little China presence at the time, on to big equity mandates for China Telecom and Guangshen Railway.
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