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Credit Suisse Goes Big in Asia

Credit Suisse has continued its expansion in Asia with nine hires across its fixed income and foreign exchange operation.

In FX, Hunter Jamieson is joining as a director in the global FX sales team in Singapore. He was most recently a director with Barclays Capital in Sydney, responsible for corporate and institutional FX for Australia and New Zealand.

Also in Singapore John Camara has joined as a director in the FX spot trading team. Camara has more than 20 years of FX trading experience and was most recently at Deutsche Bank in Sydney as a director.

In fixed income trading, Credit Suisse has hired Richard Cohen as a director and head of credit trading, Asia Pacific, based in Hong Kong. He joins from Morgan Stanley where he has worked for seven years and was mostly recently head of Asia and Japan credit and convertible trading.

Bevan Harris will join the non-Japan Asia rates trading team as a director, based in London where he will be the implant trader for AUD/NZD derivatives. Harris joins from the Royal Bank of Canada in London, where he worked for five years. Prior to that, he was with the Bank of New Zealand in Wellington.

In sales the bank has appointed Chunlei Wu as a managing director and head of flow rates sales, China, based in Hong Kong. He was most recently at Deutsche Bank, prior to which he worked at the State Administration of Foreign Exchange (SAFE) of China. During his 12 years there, he held different positions in Beijing and New York, focusing on strategic investment management for the agency.

Vishal Sodha has been appointed director and head of credit sales, non-Japan Asia, based in Hong Kong. He joins from Citi where he has worked for 11 years and was most recently director, fixed income investor sales in Hong Kong. Also joining in Hong Kong, as head of fixed income sales is Theresa Wong, who joins from UBS in Hong Kong where she was executive director, fixed income distribution.

Hong Nam Yeoh will join as a director to cover both financial institutions and corporates in Malaysia. He will be based in Singapore and joins Credit Suisse from JP Morgan where he was an executive director for derivatives sales in Malaysia. Prior to that, he was with Deutsche Bank, responsible for retail and private banking flow product distribution.

Regina Tan is another recruit, joining as director and generalist country sales for Singapore. She was most recently at UBS as an executive director, responsible for fixed income and credit sales and distribution.

“Together, these appointments complement our existing sales, structuring and trading capabilities in key Asian markets and products,” says Carsten Stoehr, Credit Suisse’s head of fixed income in Asia Pacific. “Credit Suisse has stated clearly its strategy of building a superior client and flow based business. Within that, we have the potential to build a leading fixed income franchise in Asia Pacific, as clients increasingly value our ability to deliver customised solutions and our strong capital position. We will continue to add resources to the teams, looking to expand both our bandwidth and depth of product expertise.”

The appointments follow a number of senior hires that Credit Suisse has made in its investment banking division in Asia Pacific, signifying what the bank terms a commitment to the region and focus on building a capital-efficient, client-focused franchise. The bank hired Matt Pecot in May as head of prime services and added Benjamin Happ as head of capital services. In June, it also appointed Ken Pang and Min Park, as co-heads of equity derivatives and convertibles, and Simon Yuan as co-head of financial institutions, greater China coverage in the investment banking department.

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