Credit Suisse bolstered its China equity research coverage, hiring 11 analysts in recent months.
Credit Suisse (CS) is one of the first global banks to operate an onshore brokerage business in China, Credit Suisse Founder Securities. The bank also has an asset management joint venture with Industrial & Commercial Bank of China, ICBC Credit Suisse Asset Management.
The flurry of new hires significantly enhances the Zurich based firms existing coverage capabilities in the country. The 11 research analysts, including five sector heads, who are new to CS, include, Thomas Chong who joins as head of Internet for Non-Japan Asia, with a focus on major Chinese internet companies.
Prior to joining Credit Suisse, Chong covered the internet sector for a number of banks including Bank of China, Citigroup, Bank of America Merrill Lynch and RBS. Alex Xie and Greg Zhu also join the Internet coverage team CS said in a press release.
Positive on Long Term Prospects
Tianbo Yu joins Credit Suisse from Goldman Sachs, where he was an analyst in the Asia financials team for two years, covering Asia Insurance and China fintech. For the consumer sector Charlie Chen joined CS as head of China Consumer Research, and will lead the China consumer discretionary and staples research team.
Serena Shao joins as head of China Healthcare Research from CLSA, Shao was ranked a top 2 healthcare analyst by Asiamoney in 2016. Katherine Fu also joins CS from CLSA, where she was an analyst focusing on the China Healthcare sector.
Alice Li joins the non-bank financial coverage team from HSBC and Jianping Chen is now lead analyst for China property research. Yang Luo joins the bank as head of China Basic Materials Research, covering the basic materials sector and is joined by Peter Li, who was most recently a member of Citibank’s China Basic Materials Equity Research team.
«China is a critical part of our growth strategy in Asia Pacific, with the Chinese government’s decision to further liberalize investment into its financial institutions, we are very positive on the long-term prospects for China’s stock market,» said Neil Hosie, head of Equities, Asia Pacific.
