Guotai poaches BNPP fixed income head

According to sources, David Chang has left his role as head of fixed income China at BNP Paribas to become a deputy CEO at Guotai Asset Management. Chang departed from BNPP last week and will assume his new post at the end of July. The move will be a literal vertical ascent for Chang, who will move from his current office on the 25th floor of the Shanghai World Financial Centre to the 38th floor. Meanwhile, an unnamed Frenchman will assume the head role for Guotai's international inv…