Newly acquired Credit Suisse has appointed an industry veteran as the Southeast Asia vice chairman of its wealth management unit, finews.asia has learned.
Credit Suisse appoints Kwong Kin Mun as vice chairman Southeast Asia, wealth management APAC, according to an internal memo seen by finews.asia, effective March 27. Based in Singapore, Kwong reports to head of wealth management APAC Benjamin Cavalli.
In the role, Kwong will work closely with Credit Suisse’s leadership team and senior bankers in the Southeast Asia markets to build and strengthen relationships with key clients and stakeholders in the region. He will also support talent development at the bank.
Kwong is an industry veteran with more than four decades of wealth management experience. Prior to the appointment, he worked at Deutsche Bank from 2009 to 2020, last as its head of wealth management for Southeast Asia. Previously, he also worked at DBS, Citi, UBS, Standard Chartered and Merrill Lynch.
Complementary Strengths
UBS chief executive Ralph Hamers previously highlighted the complementary strengths of Credit Suisse due to its strong position in Southeast Asia when paired with the acquirer’s Greater China-focused strengths.
«Iron sharpens iron. The sparks from the merger of two global leaders in wealth management will create enormous potential for clients and private bankers,» said Kwong. «With questions on financial security out of the way, I look forward to working with a dedicated and experienced team of bankers to stabilize and grow the business as we move towards integration.»
A spokesperson for Credit Suisse confirmed the contents of the memo.
