MacquarieÆs corporate finance division has received a big boost with the appointments of Robert Xie and Barbara Zhang to help run the China business.

Xie comes to the Australian firm as managing director and head of China private equity. He makes the move from BOC International and will now report to Andrew Low, Macquarie's head of Asian corporate finance.

At the investment banking subsidiary of Bank of China, Xie was managing director and founding chairman of its private equity group. Prior to BOC International, he was chief investment officer at TOM Group.

He has also held the title of chairman and CEO of TOM Outdoor Media Group and managing director and partner of Simplex Capital Asia. His career has also included an executive director role at the First Eastern Investment Group.

Elsewhere in MacquarieÆs corporate finance division, Zhang will take on responsibility for the China telecoms and utilities sector. She will also be a managing director and report to Low.

She joins Macquarie from Deutsche Bank, when she was head of the German bank's China investment banking team. Her resume also includes stretches at Goldman Sachs and Bear Stearns.