当我还在online test和phone interview里纠缠的时候,惊闻一个朋友凭借“GuanXi”已经秘密拿到Goldman Saches IBD的2009 intern offer…… 在他的指引下找到了这样一段老美写的“顶级投行里活跃的中国高官子弟”——China Power Brokers and Rain Makers
Examples of these people are Erhfei Liu of Merrill Lynch who advisedLenovo’s acquisition of IBM personal computer business. Mr. Liu atMerrill was also the lead banker on the stock offering of the ChinaShenhua Energy Company and also advisor to Haier bidding battle forMaytag.
Merrill Lynch also employs Janice Hu, who has a degree fromCambridge and is highly regarded by many in the business as anexperienced banker, also happens to be the granddaughter of deceasedCommunist Party chairman Hu Yaobang. Also hired at Merrill Lynch,
Wilson Feng relies on a significant other, Zhang Yan, who is thedaughter of current National People's Congress chairman Wu Bangguo,With this current crop of star bankers, Merrill Lynch quickly rose to nearthe top of the league tables. In addition to Shenhua Group, Merrill wasthe lead banker for the Air China, China Power International andDongfeng Motor public offerings.
As mentioned earlier, CICC appointed as their chief banker Levin Zhu, aCredit Suisse-trained banker who also happens to be son of the retiredPremier Zhu Rongji. Another prominent banker, after leaving CICC in2000, Fang Fenglei reappeared as the head of Goldman Sachs China.Fang Fenglei is known as a longtime financial advisor to Zhu Rongji.
Jonathan Zhu of Morgan Stanley and Charles Li of JP Morgan, twoChinese-born bankers, were advisors to China National Offshore OilCorporation (CNOOC) in its $18.5 billion bid for Unocal. Other Chinesebornstar bankers include the experienced banker, Zhang Liping, ofCredit Suisse, who has remarkable high level access to China's powerelite.
The other Swiss powerhouse investment bank, UBS has George Li,the son of Li Ruihuan, former Politburo member and current chairman ofthe Chinese People's Political Consultative Conference.
At Citi, Margaret Ren, the daughter-in-law of the former Chinese leaderZhao Ziyang and daughter of a senior official at China's PetroleumMinistry was considered one of the most powerful Chinese-born bankers.She is also a graduate of the Massachusetts Institute of Technology anda trained cardiologist and is held in high regard by many in the industry.While she was at Citi, she was able to improve Citigroup’s ranking in theinvestment banking league table. During her rein, Citi signed mandates toadvise China Netcom, Minsheng Bank and China Life Insurance. AfterMargaret Ren left, Citi also employed Wei Christianson, a very prominentMainland Chinese banker from Amherst College and Columbia Law Schoolwith Hong Kong Stock Exchange regulatory and Morgan Stanley andCredit Suisse investment banking background.
As the value of these Chinese rainmakers quickly became apparent, thecompetition to snatch away talent became common place. In February2007, after Jonathan Zhu, Morgan Stanley's top China banker, left forBain Capital, Morgan Stanley poached and rehired Citi's WeiChristianson. Another example is Erhfei Liu at Merrill Lynch, who hadpreviously worked for Rothschild, Goldman Sachs, Morgan Stanley, andSmith Barney. Movement of these star investment bankers is naturaland inevitable as competition for the next mega deal heats up.
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Consider the fight for the right to handle the IPO of another Chinese stateownedbank, China Construction Bank (CCB). While pitching for a piece ofthe CCB offering pie, JPMorgan asked former U.S. Secretary of State HenryKissinger to accompany JPMorgan chief executive William Harrison to meetwith CCB president Zhang Enzhao. Deutsche Bank recruited Germanchancellor Gerhard Schroder to write a letter to Chinese Premier Wen Jiabao.CEOs Henry Paulson of Goldman Sachs, John Mack of Morgan Stanley, andStanley O'Neal of Merrill Lynch each made trips to China to help close thisdeal. As for Citigroup, the bank employed their chairman and former U.S.Treasury Secretary Robert Rubin, CEO Charles Prince, and Vice ChairmanStanley Fischer, a former International Monetary Fund official to pitch in.Despite the use of heavy hitters, Goldman Sachs, Merrill Lynch, Citigroup, J.P.Morgan and Deutsche Bank were left out of the lead bookrunner positions. Thewinners of this beauty pageant were Morgan Stanley, Credit Suisse, and ChinaInternational Capital Corp. (CICC) who shared the grand prize: U.S. $1.75million in IPO fees, based on a standard 3.5 percent commission.
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