Credit Suisse continues to expand its private bank in Asia via hiring with the appointment of a managing director from Deutsche Bank.

Matthew Peh has joined Credit Suisse as a managing director and team head of emerging Asia and ultra-high net worth (UHNW) investment consulting – a newly created role – according to an internal memo seen by finews.asia.

Based in Singapore, and Peh reports to head of investment consulting private banking South Asia Claude Harbonn.

Peh has more than 14 years of wealth management experience and joins most recently from Deutsche Bank Wealth Management where he spent seven years, last as its team head Southeast Asia investment management group. Previously, he worked for UBS and J.P. Morgan where he also focused on the UHNW segment.

Advisory Expansion

Credit Suisse continues to expand its advisory capabilities in the region and hired investment consultants Lucas Hong and Suzanne Yeo earlier this month.

Hong has nine years of investment advisory experience and joins most recently from UBS where he had a similar role in its active portfolio advisory team for three years. 

Yeo joins from Deutsche Bank where she spent six years also as an investment consultant covering Indonesia, Singapore, and Malaysia clients.

Investment Consulting Focus

According to the memo, the hires are part of the private bank’s broader focus on the investment consulting functor as a «strategic pillar», especially for UHNW clients.

«These new hires are testament to Credit Suisse’s commitment of providing expert investment advice and tailored services to our clients,» said Harbonn. «By adding investment experts to our team, we strengthen our ability to deliver best-in-class solutions to our most valued clients to drive greater growth for our business.»

A spokesperson for the bank confirmed the content of the memo.

RM Expansion Rate

Credit Suisse continues hiring for its private bank in the region across India, Southeast Asia, Hong Kong, Japan and Australia.

In the first half, it made a net hire of 50 relationship managers across North and South Asia – the fastest pace since 2016.