ICBC Standard Bank has secured former Credit Suisse banker Vikram Khanna to serve as its Head of Advisory, eyeing an expansion into the Chinese corporates space, according to a Reuters report.
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Mr. Khanna joins ICBC Standard Bank in a new senior role to help focus on the group’s plans to widen the scope of its global advisory services – this will include a broader latitude across its Chinese corporate focus. In addition, his new position will see him overseeing the development of ICBC Standard Bank’s mergers and acquisitions (M&A), with additional emphasis on equity capital markets and debt advisory businesses.
In this capacity he will be reporting to Xu Jinlei, ICBC Standard Bank’s Head of Coverage. Mr. Khanna joins ICBC after more than two decades in senior advisory roles. His most recent position was as Director in Global Industrials and Energy at Credit Suisse in London, prior to embarking on his own practice.
The move at ICBC is the first marquee move since a shakeup at the group earlier this year, which saw longtime Chairman, Jiang Jianqing, announce his decision to retire, having heralded a key change in personnel. Mr. Jianqing had been the de-facto head of ICBC for the past sixteen years.