Credit Suisse has expanded its global foreign exchange sales platform in Asia Pacific with six appointments in Japan, Singapore and Hong Kong. The hires underscore the bank’s efforts to expand its flow business and enhance its fixed income product coverage.
Carsten Stoehr, Credit Suisse’s head of fixed income Asia Pacific, says: “Asia Pacific represents one of the biggest growth opportunities in our roadmap to become a top-tier global FX provider. These hires complement our onshore emerging markets rates and FX expansion in the region.”
In Tokyo, Masaru Mizukami has joined as a director, responsible for managing FX prime brokerage client relationships in Japan and heading the marketing of managed account fund and structured products to corporate pension funds. Mizukami has joined the Swiss bank from Calyon Securities.
Kazuo Kitazawa also joins as a director in Tokyo with a focus on building up the FX franchise with Japanese corporates and retail aggregators. Kitazawa was previously with Deutsche Bank.
In Hong Kong, Yan Qin has joined FX sales as a director, responsible for building up a client franchise among Chinese financial institutions and sovereign wealth funds. Qin joins from JP Morgan in London where he covered central banks and proprietary trading desks.
In Singapore, the bank has hired Alan Thomas as a director and head of private bank sales for FX, responsible for building up the structured FX flow business for private banks in the region. Thomas joins from Bank of America Merrill Lynch, where he was most recently the head of FX business for global wealth management for Europe and Middle East.
In addition, Angelia Tan and Ben McColl have joined as directors on the hedge fund desk in Singapore. Tan also was with Bank of America Merrill Lynch, where she held a similar role. McColl was most recently at Deutsche Bank in New York.
The six recruits report to Ivan Chan, director, head of global FX sales Asia, based in Singapore.
The hires are part of a move by Credit Suisse to build upon its resources in Asia. Last month the bank said it had made eight hires for its fixed income sales and trading division in China, the majority of which were for foreign exchange roles. The China onshore business represents one of the biggest growth opportunities along the bank’s route to becoming a dominant emerging markets franchise in Asia, it says.