Amid growing tensions between China and the U.S., CICC U.S. Securities, the U.S. broker-dealer of China International Capital Corporation is expanding its strategic advisory business.
China International Capital Corporation (CICC) is hiring Zahid Ahmed as a managing director in its New York office. He will focus on advising consumer companies and private equity firms, the bank said in a statement on Tuesday. Ahmed has 19 years of experience in investment banking, the firm said in a media release on Tuesday.
Prior to joining CICC U.S. Securities, he was managing director at Perella Weinberg Partners in New York. He was a senior member of Perella Weinberg's advisory team and consumer and retail group for ten years. Earlier in his career, he worked at Trimaran Capital Partners and Deutsche Bank.
He began his investment banking career at Goldman Sachs. Ahmed received a bachelor of arts in economics from Vassar College, where he graduated with honors and was elected to phi beta kappa, and a masters in business administration from Harvard Business School.
China's First Joint-Venture Investment Bank
«The addition of Zahid Ahmed to our team reflects the firm's ongoing commitment to grow our presence in North America and enhance our cross-border advisory capabilities,» stated Steven Foland, head of Banking at CICC U.S. Securities.
China International Capital Corporation is China's first joint-venture investment bank. Since inception in 1995. Headquartered in Beijing, the firm has established subsidiaries in Mainland China, branch companies in major cities including Shanghai and Shenzhen, and over 200 securities branches in 28 provinces and municipalities across China.
CICC has also actively ventured into overseas markets and has established offices in Hong Kong, New York, Singapore, London, San Francisco and recently Frankfurt, to help clients in both domestic and overseas markets fulfill their strategic goals.
