Credit Suisse continues integration of investment banking
17 Sep 2019 | The Asset
Credit Suisse has merged its loan and bond syndicate teams in Asia – its latest effort to integrate its investment banking activity. Terence Chia will lead the combined unit to better leverage its debt capital markets franchise to provide an integrated client offering and further enhance its risk syndication capabilities.
In April, Credit Suisse announced the formation of Asia-Pacific trading solutions (ATS) aimed at enhancing the profitability of the Asia-Pacific division by accelerating the capture of wealth opportunities in the region, strengthening the intersection between Asia-Pacific markets and Asia-Pacific financing group (AFG) and increasing collaboration with its global markets division.
With the integration of AFG into the ATS business, Carsten Stoehr will fully dedicate his focus to his responsibilities as CEO for Greater China and continue to drive Credit Suisse’s strategic development of its Greater China franchise, which represents one of the fastest-growing regions in Asia-Pacific.
ATS head Yves-Alain Sommerhalder will also oversee Asia-Pacific markets and AFG activities going forward as part of Credit Suisse’s integrated approach to serving clients in the region, combining private banking, investment banking and capital markets, financing and markets capabilities, which has proven to be a strong source of growth over the past three years and is expected to continue going forward.
Lewis Wong and Riddhi Shah have been appointed co-heads of AFG, with Wong taking the lead for AFG structuring, while Shah heads the AFG trading and real asset lending activities. Both Wong and Shah will report regionally to Sommerhalder.
Over at HSBC, Greater China chief executive Helen Wong left as reported in early August, the second senior departure from the bank during the week after the ousting of group CEO John Flint. Wong joined HSBC in 1992 and rose to become its China CEO before being appointed to the newly-created role of Greater China chief executive in 2015.
IN • Aberdeen Standard Investment Hidetoshi Ono head, direct real estate, Japan • ANZ Vishnu Shahaney head, Southeast Asia, India & Middle East/country head, Singapore; Paul Brickell director, loan syndication, Australia; Carson Tse senior manager, loan syndication, Hong Kong; Emily Tonkin director, sustainable finance • Bank of China Brad Scott managing director & head, debt capital markets, Sydney • Bank of Singapore Kelvin Teo head, bespoke investments, Greater China & North Asia • Barclays Matt Pecot head, markets, Asia-Pacific/head, equities, Asia-Pacific • BNP Paribas Chaoni Huang head, sustainable capital markets, global markets, Asia-Pacific • BNP Paribas Asset Management Rich Chen CEO, Taiwan • BNY Mellon Investment Management Eric Yu vice-president, institutional distribution • China Renaissance Holdings Ou Wang strategy consultant • Citi Curt Engler head, execution services, cash equities business, Asia-Pacific; James Teo head, natural resources, investment banking, Asia • Credit Agricole Victoria Land director, sustainable banking, Asia-Pacific • Credit Suisse Ivan Lee vice-president, loan syndication & distribution, Asia-Pacific; Richard Gibb CEO, Australia; Le Hoai Nam country manager & head, Vietnam coverage, investment banking & capital markets; Chirag Agrawal director, investment banking & capital markets, India; Nilaya Agrawalla director, investment banking & capital markets, India; Lewis Wong co-head, financing group, Asia-Pacific; Riddhi Shah co-head, financing group, Asia-Pacific • Deutsche Bank Michael Chua chief country officer, Philippines • Franklin Templeton Michael Lai senior vice-president & portfolio manager, China equities • HSBC Zuocheng Ding head, loan origination, China; Michael Rossiter head, leveraged & acquisition finance, Australia; Alice Fok head, customer propositions & marketing, Singapore; Ranojoy Dutta head, retail products, Singapore; Ian Yim head, wealth & international • J.P. Morgan Mark Fiteny head, new economy, Asia-Pacific; Thawee Poonlapmongkol head, treasury services, wholesale payments, Thailand; Jinsoo Ha head, equity capital market, Korea • J.P. Morgan Mark Fiteny head, new economy, Asia-Pacific • J. P. Morgan Securities China Company Park Pu head, investment banking • MUFG Goh Sok Kim managing director & deputy head, systems office, Asia • National Australia Bank Ross McEwan managing director and group CEO • Natixis Kwong-Wing Law head, infrastructure finance, Asia-Pacific • Sumitomo Mitsui Banking Corporation Rakesh Garg chief business officer, India • UBS Victor Gusak head, execution & clearing services, investor client services, Asia-Pacific
OUT • China Citic Bank International Frederick Fu general manager, structured finance • Citi Goh Sok Kim managing director, data governance & big data solutions delivery; Rakesh Kaul head, small business banking, Asia-Pacific • Commonwealth Bank of Australia Tony Zhang deputy CEO, China/branch manager, Beijing/head of banks, Asia • Credit Suisse Michael Lam head, debt capital markets, Greater China; John Knox CEO, Australia; Kelvin Teo director, equity capital market, Hong Kong • HSBC Carson Tse public sector coverage, global banking & markets, Hong Kong; Helen Wong chief executive, Greater China • National Australia Bank Brad Scott director, corporate debt capital markets origination • Standard Chartered Topsy Mathew managing director & regional head, corporate finance, Asean & South Asia/head, M&A, South Asia • UBS Dom Lane executive director