Credit Suisse has reshuffled its investment bank with a pair of senior appointments in its regional equity capital markets unit, finews.asia has learned.
Credit Suisse has appointed Felicity Chan and Adrian Lee as co-heads of the APAC equity capital markets (ECM) syndicate, according to an internal note seen by finews.asia. The two report to the global head of ECM risk Felipe Portillo as well as co-head of investment banking and capital markets (IBCM) APAC Joe Lai and Kuan Ern Tan.
Lee and Chan will be jointly responsible for the execution and syndication of equity offerings in the region. Lee will focus on North Asia and Chan on Southeast Asia, India, and Australia. For the latter, she will partner with the head of the Australia ECM syndicate Tim Usasz.
Lee first joined Credit Suisse in 2012 as an analyst and has since held ECM-related roles in New York and Hong Kong. Chan has 18 years of investment banking and capital markets experience. She joined Credit Suisse in 2004 and was most recently its Southeast Asia head of equity syndicate.
A spokesperson for the bank confirmed the contents of the memo.
ECM in Headlines
The latest appointments follow a handful of outflows at Credit Suisse’s investment bank including four executives who departed last week, as reported by finews.asia. Earlier this month, APAC co-head of ECM and head of equity syndicate Sunil Dhupelia also reportedly left to join J.P. Morgan as its Asia ex-Japan co-head of ECM.
In addition to the difficult environment for fundraising in Hong Kong – the city’s main board IPO proceeds were down 91 percent at the end of May, Credit Suisse’s ECM syndicate unit former global head Anthony Kontoleon was ostensibly ensnared for using personal messaging apps for client communications and was reportedly removed from his position in April.
