Credit Suisse has reportedly increased its net headcount by over 100 across Asia Pacific this year in the midst of its Greensill and Archegos debacles.
Credit Suisse’s headcount saw a net increase of 100 in Asia year-to-date, according to a «Bloomberg» report citing unnamed sources, excluding employees in its India operations and IT center.
The net hires were made since mid-March across both Credit Suisse’s investment banking and private banking arm.
In the first quarter alone, the bank increased its regional headcount by 60 and the number of relationship managers by 30, according to its earnings report for the first quarter.
IB and PB
For the private banking arm, multiple hires were made for South and Southeast Asia markets, finews.asia reported, including the Philippines, Thailand and India.
And at its investment bank, «Bloomberg» reported the addition of ex-Citi banker Dragi Ristevski who joined as APAC head of financial sponsors and ex-Haitong Securities managing director Rachel Li who will focus on new economy and telecommunication, media and technology coverage in China.
Credit Suisse continues to expand its regional headcount despite outflows elsewhere such as the recently reported exit of multiple bankers in its Japan unit to join Liechtenstein-headquartered LGT.
