JPMorgan hires Merrill banker as co-head of ECM

In a further move to beef up its China coverage, JPMorgan has hired Kester Ng from Merrill Lynch to become co-head of equity capital markets.Ng, who was managing director in ECM at Merrill with a specific focus on Hong Kong and China, will start in two to three months after a period of gardening leave. He will replace Rupert Fane who will move to London to become head of equity syndicate for Europe and Asia. Ng, who is known as something of a workaholic, has been with Merrill since 19…