News in brief

Shearman & Sterling‘s Hong Kong office is losing M&A and corporate finance partner Clark Randt, who has been appointed US ambassador to China. Randt specialises in direct foreign investment, capital markets and financing transactions in the Asia Pacific. He leads the firm’s practice in China and has been involved in transactions there since 1974. He was the First Secretary and Commercial Attache at the US Embassy in Beijing between 1982 and 1984.