Credit Suisse has appointed a new market leader for the offshore Malaysia market, finews.asia has learned, furthering the Swiss bank’s continued growth plans in Southeast Asia.
Credit Suisse has promoted Joyce Low to market leader Malaysia, according to an internal memo seen by finews.asia, effective July 5 this year.
Low will continue reporting to market group head for Singapore, Malaysia and South Asia Switzerland Jin Yee Young.
Low joined Credit Suisse 25 years ago and was most recently a team leader after being promoted from senior client partner.
Replacement Team Leader
Replacing Low as the new team leader is Wee Ing Peng who was promoted from her current role as expert relationship manager.
Wee has 25 years of private wealth management experience – including 17 years with Credit Suisse – managing key relationships with high net worth and ultra-high net worth entrepreneurs, particularly from the Malaysian market.
A spokesperson for the bank confirmed the contents of the memo.
Southeast Asia Expansion
Credit Suisse continues to bolster its private banking business in the region as of late, especially in the southern regions of Asia.
Last month, finews.asia reported the bank's hire of ex-Deutsche Bank group head for Southeast Asia Malcolm Tay and appointment Tammy Tan as team leader for the Thailand and Vietnam market. In May, the bank also promoted Dominique Boer to Singapore market group head alongside a series of private banking hires.
«Our people are crucial to our success, and as such, we are committed to attracting and retaining the best people in the industry,» said Young in the memo. «These new appointments reflect the depth of our internal talent pool and the attractive opportunities available to our colleagues to advance their careers within the bank.»
