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August 5, 2008

Credit Suisse appoint four in China

by Richard Kilner

Story link: Credit Suisse appoint four in China

Credit Suisse has bolstered its investment banking strength in Asia by announcing a quartet of senior appointments.

The four appointments come as the bank seeks to enhance its senior client coverage and strengthen its presence in China.

Liping Zhang is named as vice chairman of the Non Japan Asia Investment Banking Department.

Zhang, who is presently head of the China Investment Banking Department, will undertake further regional responsibility for client coverage.

He will retain his position as country manager for China and remain based in Hong Kong where he will continue to report to Asia-Pacific investment banking chief Paul Raphael.

Janice Hu and Jeremy Xiao are appointed co-chairmen of China Investment Banking Department.

Hu is promoted from her current position as MD and vice-chairman of the department, and Xiao rises from his role as MD and leader of the department’s Beijing office.

Paul Su becomes chief representative of Credit Suisse (Hong Kong) in the Shanghai office.

Su will retain his position covering industrial and mid-caps companies in China, and, like Hu and Xiao, will report directly to Zhang.

In addition to the four appointments, Credit Suisse and partner firm Founder Securities have received the green light from China’s regulatory authorities to embark upon a joint venture in China.

Investment banking services will be provided to China’s vast domestic market through the new venture.


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