Beijing Office Will Expand Capabilities in China and Enhance Ability To Serve Clients
NEW YORK & BEIJING--(BUSINESS WIRE)-- Morgan Joseph Holdings announced today the opening of its Beijing Representative office in Beijing, China. Morgan Joseph Holdings is the parent company of Morgan Joseph LLC, a full service investment banking firm serving middle market companies. The office, which recently obtained registration from the Government of China, will be headed by Richard Xiao, Managing Director and Chief Representative of the office, who will report to Dennis Galgano, Morgan Joseph LLC's Head of International Investment Banking, who is headquartered in New York.
"The Beijing location will provide our firm with an on the ground presence in China, where we have been highly active in recent years, having closed over $1.1 billion in 15 transactions for China-based companies, and where we see expansive opportunities in what is a leading and still underserved growth economy," said Mr. Galgano. "Our focus in China, as in the U.S., is providing investment banking services, including M&A and financing, to mid-market companies."
"We are delighted to have Richard join us as Managing Director and Chief Representative of Morgan Joseph Holdings Beijing Representative Office. We have worked with Richard over the past three years and have been most impressed with his knowledge, experience and extensive contacts in the Chinese Business community," added Mr. Galgano. "A former Senior Consultant at PricewaterhouseCoopers Beijing M&A advisory practice, he also has had wide ranging experience as an independent consultant providing strategic and financial advice, as well as executing M&A transactions, for public and private companies across a broad range of sectors."
"Our new office in Beijing, which establishes a physical presence in China where our firm has already long been involved and where we have made investments in four China based companies, will facilitate greater access to more clients and our ability to gain new business," said John Sorte, Morgan Joseph Holdings CEO and President. "It will also importantly assure that we can provide enhanced service to our growing roster of Chinese clients. The launch of our Beijing office heralds a new and important step in our Company's growth and direction."
The office in Beijing will serve as a liaison between Morgan Joseph's China clients and its investment banking staff in the U.S. Plans are to add additional personnel to support Mr. Xiao.
The office is located at 1415 China World Office 1, 1 Jianguomenwai Avenue, Beijing 100004, China.
About Morgan Joseph
Morgan Joseph LLC, a New York City headquartered full service investment bank, provides financial advisory and capital raising services including M&A and restructuring advice, and equity and debt private placements and public offerings. In addition, Morgan Joseph provides research and trading for institutional clients. Morgan Joseph's staff of over 120 includes more than 60 investment bankers, who are highly experienced professionals mostly from major Wall Street firms and intimately familiar with the issues facing middle market companies. The firm is a member of both the Financial Industry Regulatory Authority (FINRA) and the Securities Investors Protection Corp. (SIPC).
Contacts
Morgan Joseph:
Steven S. Anreder
Cristina Bacon
of Anreder & Company
212-532-3232
steven.anreder@anreder.com
cristina.bacon@anreder.com