A leading Chinese boutique investment bank, The Balloch Group was founded in 2001 by Nereida Flannery and Howard Balloch (former Canadian Ambassador to China). Focused on mergers and acquisitions, capital markets, and direct investment transactions, the company’s professionals operated out of Beijing, New York, Shanghai, Hong Kong, Wuhan, and Hangzhou. Shipston purchased the firm in 2007, and for the next two years it was ranked as China’s top boutique investment bank by China Venture. In 2010, Shipston sold The Balloch Group to Canaccord Financial Inc., upon which it became Canaccord Genuity Asia. The Balloch Group has completed or advised transactions worth more than $5.0 billion in M&A, joint ventures, and private placements, including equity and debt financings.