Credit Suisse has expanded its coverage of Greater China clients with the hire of more than half a dozen private bankers, finews.asia has learned.
Credit Suisse hired multiple private bankers for its North Asia unit across a wide variety of rival players, according to an internal memo seen by finews.asia.
The new hires were tasked to cover Greater China client markets and family offices across both the Singapore and Hong Kong offices.
A spokesperson for the bank confirmed the contents of the memo.
Singapore-Based Greater China Hires
In Singapore, the bank appointed Keng Cheong Lock as market group head, private banking Greater China Singapore. Lock has 20 years of wealth management experience and first joined Credit Suisse in 2007.
New joiners include Terence Seah who was hired as a team leader for the Greater China Singapore market. Yeah has 15 years of experience and joins from UOB Private Bank.
13-year banker Harry Chen joins the Greater China Singapore market as a relationship manager from Julius Baer.
Maggie Ma also joins the same market as an expert relationship manager. Ma has 15-years of experience and previously worked with UBS, ABN AMRO and Minsheng Bank.
Hong Kong-Based Greater China Hires
In Hong Kong, the bank hired Ray Chun as an expert relationship manager for the China market. Chun has 15 years of financial experience, most recently with Citibank where he led its globe digital segment.
Thomas So joins as an investment consultant with more than 20 years of experience in FX advisory sales, derivatives and treasury sales to institutional and private banking clients. He joins from BNP Paribas Wealth Management where he was a senior investment advisor.
Wilson Chan rejoins Credit Suisse as an investment consulting business initiatives team leader for North Asia and expert investment consultant for Greater China. He previously spent 12 years with Credit Suisse as an investment consulting cluster head and was most recently an investment consultant at Pictet Wealth Management.
Family Office Hires
APAC head of family office services Thomas Ang will relocate to Hong Kong next month with an expanded remit that includes accelerated development of the wealth planning services platform in Hong Kong while maintaining his reporting line to APAC wealth planning services head Bernard Fung.
Supporting Ang in his expanded capacity is Jennie Lau who was hired from Chow Tai Fook Enterprises where she was a senior legal counsel advising the group on investments, treasury transactions and family office operational governance.
«Asia Pacific is a growing region and the fundamentals underpinning wealth creation remain positive, especially in North Asia and China,» said Credit Suisse’s North Asia head of private banking François Monnet in the memo, expressing continued commitment to hiring.
