Banks are making efforts to boost their sponsor coverage in Asia, responding to the growing prominence of private equity funds in the region and a shift in business ownership to a younger generation that is more open to selling stakes. Shruti Chaturvedi reports. Industrial and Commercial Bank of China (Asia) hired a pair of managing directors this week, bringing in Andrew Lee, a Mizuho banker, and Chris Wong in large part to cover private equity firms, although they will also be involved in...