Credit Suisse’s impact advisory services team, which advises the bank's Asia Impact Investment Fund series, has been transferred to a new firm in Singapore, finews.asia has learned.
The impact advisory services team at Credit Suisse will be transferred to Singapore-incorporated Double Delta, according to an internal note seen by finews.asia, effective February 1.
Double Delta is an impact advisory firm founded and set up by Joost Bilkes, Credit Suisse’s head of impact advisory services.
A spokesperson for the bank confirmed the new move.
Asia Impact Investment Fund
The bank’s impact advisory services team has been advising the Asia Impact Investment Fund series, first incubated in 2013, under Bilkes’ leadership. The institutional-grade Asia private equity solutions were jointly developed by Credit Suisse and UOB Venture Management, with the latter maintaining its role as fund manager under the new arrangement.
«Double Delta remains a strategic partner to Credit Suisse and will continue to provide the services that it used to, giving clients unparallel access to impact investment opportunities across Southeast Asia and China,» the bank’s spokesperson added.
