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Ex-Morgan Stanley bankers win coveted role on Hong Kong IPO of Alibaba unit Cainiao

  • Ampere Partners, a boutique Hong Kong-based firm founded by former Morgan Stanley deal makers, will act as financial adviser on the deal
  • Co-founders Crawford Jamieson and Daniel Wetstein helped Morgan Stanley land Alibaba’s US listing in 2014

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A man walks past a logo of Alibaba Group at its office building in Beijing, China on August 9, 2021. Photo: Reuters
Bloomberg
Alibaba Group Holding is turning to a pair of Hong Kong-based bankers it knows well for the initial public offering of its marquee logistics unit.
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Ampere Partners, a boutique firm founded by senior former Morgan Stanley deal makers, has landed the coveted role of financial adviser to Cainiao Smart Logistics Network, according to a preliminary Hong Kong exchange filing Tuesday. The listing could raise at least US$1 billion, Bloomberg News has reported – potentially delivering a significant win for a four-year-old upstart firm.

Co-founders Crawford Jamieson and Daniel Wetstein have cultivated longstanding relationships with the Chinese tech giant, helping Morgan Stanley land the firm’s US listing in 2014, which was the largest ever at the time.

Jamieson held roles including vice-chairman of global capital markets during his 22-year career with the lender, while Wetstein, who joined Morgan Stanley in 1996, led the firm’s Asia-Pacific technology investment banking business for over a decade.

Co-founders Daniel Wetstein (left) and Crawford Jamieson of Ampere Partners. Photo: Handout
Co-founders Daniel Wetstein (left) and Crawford Jamieson of Ampere Partners. Photo: Handout

The duo co-founded Ampere Partners after leaving Morgan Stanley in 2019, and were listed as financial advisers in the prospectus for Ant Group’s attempted 2020 blockbuster listing, which was abruptly halted as Beijing imposed a sudden crackdown on the sector. Ampere’s website lists the financial technology firm under its “experience” section, and describes as “pending” an IPO on China’s Star board and in Hong Kong for the firm, which shares a founder with Alibaba in Jack Ma.

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