Allen & Overy has hired Liang (Alex) Tao from Davis Polk & Wardwell as a partner as it looks to expand its Greater China debt capital markets practice in Hong Kong.   

Tao has experience in debt and equity transactions including high-yield bond offerings. Recently, he worked on Zhejiang Geely Holding Group’s 2.75 percent credit enhanced green bonds offering valued at $400 million.

Tao’s appointment will lead to Hong Kong partner Alex Stathopoulos relocating to Allen & Overy’s Singapore office. These moves are part of the firm’s relook at its strategy with regards to its U.S. securities offerings, alongside the recent appointments of Mark Leemen as a U.S. securities partner in Australia and Charlotte Robins as a partner in the Hong Kong regulatory practice.