Credit Suisse said it is adding two senior bankers to its China team, to focus on business owners. The hires are the latest in an effort by the Swiss bank to expand its coverage network.
Mervyn Chow (pictured below) will take on the role of China CEO, in addition to his responsibilities as co-head of investment banking and capital markets (IBCM) in Asia Pacific, the Zurich-based bank said on Wednesday.
A nearly 20-year veteran of Credit Suisse, Chow's job will be to get value out of the combined private banking and investment banking platform for Credit Suisse in China.
A core part of his remit as China CEO will be to deepen relationships with the most important entrepreneurs and corporate clients in China, and to generate revenue growth.
Shaping the China Franchise
Neil Harvey (pictured above) has been appointed chairman of greater China, maintaining his role as CEO of Hong Kong with oversight of Taiwan, as well as his role as chairman of asset management for Asia Pacific.
Harvey has been instrumental in building Credit Suisse’s greater China franchise, and will continue to be responsible for onshore business platform – including managing relationships with joint venture partners and regulators.
Both Chow and Harvey will continue to report to Helman Sitohang, Credit Suisse’s Asia Pacific head.
Several Hires in Recent Months
According to Credit Suisse, these senior appointments underscore its efforts to expand its coverage network and capability in China, both with wealthy clients as well as with investing banking ones.
As finews.asia previously reported, Credit Suisse expanded its China onshore coverage with two senior hires: Rick Meng joined the bank to establish Credit Suisse’s onshore wealth management capabilities in China as head of onshore private banking; and Honggui Li joined as head of investment banking and capital markets in China to develop onshore investment banking capabilities in the country.
