China International Capital Corporation expands advisory division in investment banking in the US

03 Jun
China International Capital Corporation

NEW YORK, June 3, 2019 / PRNewswire / – CICC US Securities, the US broker of China International Capital Corporation (“CICC”), announced today that it will expand its strategic advisory division with the hiring of Zahid Ahmed as Managing Director in its New York office. Ahmed will focus on advising consumer goods companies and private equity firms.

“The incorporation to our team of a CEO of the stature of Zahid reflects the firm’s permanent commitment to develop its presence in North America and improve our advisory capabilities in other countries,” said Steven Foland , Head of Banking at CICC US Securities. “We are excited to take advantage of Zahid’s market presence and its extensive experience and expertise in the consumer goods sector to more than satisfy the needs of our customers.”

Steven Foland , Head of Banking at CICC US Securities

Ahmed has a history of 19 years in investment banking. Prior to joining CICC US Securities, Ahmed was Managing Director at Perella Weinberg Partners in New York . Ahmed was a senior member of the advisory team of Perella Weinberg and the Consumer Goods and Retail Group for 10 years. While at Perella Weinberg , Ahmed led the retail investment banking division of the firm in North America. Previously, he worked at Trimaran Capital Partners and Deutsche Bank, and began his career in the investment banking sector at Goldman Sachs.

Ahmed earned his undergraduate degree in Economics from Vassar College, where he graduated with honors and was elected to the Phi Beta Kappa academic honor society, and earned a Masters in Business Administration from Harvard Business School.

About China International Capital Corporation Limited 

China International Capital Corporation Limited (CICC, 3908.HK) is the first investment banking joint venture in China. Since its inception in 1995, CICC has always been committed to providing high quality financial services and added value to its clients. It has established a full service business model that consists of investment banking, stocks, FICC, asset management and investment based on solid research coverage. 

The firm, which is headquartered in Beijing, has subsidiaries in mainland China, branches in major cities such as Shanghai and Shenzhen, and more than 200 branches that operate with securities in 28 provinces and municipalities throughout China. CICC also has active participation in markets in other continents and has offices in Hong Kong, New York, Singapore, London, San Francisco and, more recently, Frankfurt, to help clients in national and international markets achieve their strategic objectives.

SOURCE China International Capital Corporation Limited

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