While many have benefitted from Credit Suisse's talent outflow, EFG has been notably vocal about the matter. It has now announced the appointment of three more in Hong Kong from the fallen Swiss rival.

EFG has hired Christina Wong as senior managing director and senior client partner, according to a statement. Based in Hong Kong, she reports to David Louie, CEO, Hong Kong branch and head of North Asia.

Wong has 20 years of industry experience, most recently as managing director, cluster head and expert relationship manager for wealth management at Credit Suisse in Hong Kong. Prior to that, she held senior positions at Deutsche Bank and Hang Seng Bank.

The bank also appointed Jane Li as market head for Greater China (ultra clients), reporting to Louie in his interim role as market group head for Greater China (ultra clients). Li was most recently working at Credit Suisse as executive director of the China team. Previously, she also worked at UBS and China Minsheng Bank. 

Risk Function

Apart from the front office, EFG hired Ian Campbell as regional head of credit risk and head of risk for Hong Kong, reporting to Louie, Francoise Galdemar, regional chief risk officer as well as to the chief credit officer international and the global head of operational risk.

Campbell has nearly 20 years of industry experience with a focus on risk management. He previously worked at Credit Suisse and UBS.

«These senior hires highlight our commitment to delivering exceptional services to our clients across Asia Pacific,» said Albert Chiu, executive chairman, Asia Pacific, EFG Bank.

Openly Poaching

EFG has been the most vocal bank with regard to hiring talent from the fallen Swiss rival. Its board chair Alexander Classen reportedly spoke about a closing «window of opportunity» in May to poach, noting that 30 to 40 percent of the 50 client advisors hired in the first quarter of the year were ex-Credit Suisse employees.

Overall, Classen said that EFG planned to hire 50 to 70 client advisors in total for 2023, though it was likely to exceed the target.