Baring head named

THE Baring group's new representative office for China in Shanghai represents its three key arms - merchant banking, stockbroking and fund management activities, the firm says.

Richard Graham, a director of the Greater China Fund, has been appointed the chief representative at the office.

Ma Jinyu, who was previously representative of the China Britain Trade Group, becomes manager.

The merchant banking operation, Baring Brothers and Co, is already active in underwriting in China and is to lead the underwriting of Shanghai Yaohua Pilkington, the first European joint venture to be listed on a mainland exchange.

Baring Securities was among the first three international brokers to be allocated a special seat on the Shanghai stock exchange.