Credit Suisse scooped up a former team of specialists from CLSA to establish its own quant analytics capabilities onshore in China.
The new China Quantitative Insight (CQi) team will be based in Beijing to provide «grassroots, data-driven insights» to global and domestic clients including institutional investors, corporates and ultra-high net worth individuals.
«The formation of CQi is part of our ongoing efforts to expand our China onshore presence and capabilities,» said Credit Suisse’s China CEO Zhenyi Tang. «It underlines our intent to provide the very best in differentiated content and insight to clients across the bank.»
According to the bank, CQi’s expertise will be combined with other alternative data sources and Credit Suisse’s existing quant capabilities, HOLT generates views based on income statements and balance sheet information of over 20,000 companies.
CLSA Team
David Murphy joins from CLSA as Credit Suisse’s managing director and head of CQi. He was previously the head of CLSA’s quant team China Reality Research (CRR), which he co-founded in 2005. Haixu Qiu was among the CRR co-founders and joins as the deputy head of CQi with 14 years of financial service experience.
The team also includes 13-year veteran Lei Chen who will lead CQi’s coverage of the consumer sector. Other specialists will be covering a wide range of sectors and fields including consumer finance, metals, machinery, clean energy, new energy vehicles, real estate, banking alongside macroeconomics on China.
The CQi team will work closely with Credit Suisse’s onshore joint venture, Credit Suisse Founder Securities Limited, which is is currently seeking regulatory approval to increase stake from 33.3 percent to the newly permitted maximum of 51 percent.
