BankerBay, a New York-based deal-sourcing investment platform, has expanded its global footprint by opening a new office in Shanghai, China.
The company has hired Pin Li to head its China operations as CEO. He previously was head of capital markets in China for GE Capital.
Apart from New York and Shanghai, which is the company’s fifth office worldwide, BankerBay also has offices in, Bangalore, Singapore and London.
BankerBay launched its official website in Mandarin to support wide scale use of the platform in its newly launched market.
BankerBay CEO and founder Romesh Jayawickrama said: “Providing an outlet for the huge Chinese appetite for external investment is a vital step in enabling BankerBay to fulfill its mission as the premier global platform for private investment.”
Li said: “We are adapting BankerBay to China so that it is positioned to play a vital role serving as a bridge between Chinese capital and the global marketplace. Even before the official launch of our Chinese language website, BankerBay has been receiving extensive interest from some of the largest financial institutions in China.”