U.S. law firm Morgan Lewis & Bockius has hired debt capital markets expert David (Changyu) Liao as a partner in Hong Kong from the PRC’s Fangda Partners.

Liao advises corporates, investment banks, and other financial institutions based in China and other Asian countries, with experience in the issuance of investment grade bonds, high-yield bonds and debt and equity hybrid instruments as well as tender offer, exchange offer, consent solicitation and other liability management transactions in connection with debt securities.

The hire of Liao continues Morgan Lewis’ lateral streak in Asia. Last year the firm hired four partners in Singapore, namely aviation expert James Bradley, disputes specialist Pardeep Singh Khosa, investment management lawyer Divya Thakur, and tax expert Kai Lee Lau.

With Liao’s arrival, Morgan Lewis now has 15 partners in Hong Kong.