Credit Suisse has poached a property expert in Singapore from a local rival. The Swiss bank wants to bolster its real estate opportunities for the ultra-rich.
Zurich-based Credit Suisse said Chris Chiang has joined as head of real estate investment management in Asia Pacific.
Chiang's mandate is to grow Credit Suisse's real estate portfolio and find attractive investment opportunities in the region for the bank's ultra-high net worth clients to invest in. He will also coordinate real estate investments regionally, and strengthen Credit Suisse's property franchise, the bank said.
Most recently a senior director with CBRE Capital Advisors, Chiang has more than 16 years experience in real estate, investment banking, private equity, debt capital markets, and corporate finance.
Prominent Asia Hires
He will report to Daniel Tochtermann, who is Credit Suisse's head of international real estate acquisition and sales, in Zurich.
Chiang's hire is the latest in a series of high-profile hires in Asia for Credit Suisse, which has put particular emphasis on the region in a restructuring under CEO Tidjane Thiam.
Others have included insurance specialist Nicholas Kourteff, Urs Grueter as head of Thailand, marketing executive Patricia Enslow, and Tsuneaki Hirao for its Japanese private bank. All were hired from hometown rival UBS.
