Credit Suisse in Hiring Spree

Credit Suisse

Credit Suisse

Chief Executive Tidjane Thiam made it clear last year that growth across the Asia-Pacific business would be a priority and would also be fully supported. Since then a flurry of new recruits have been signing up. 

In Australia the Swiss bank has added several new recruits to its private banking business hoping to capitalise on the flow of wealth into the country from Asia.  

The former Westpac banker Fraser Herd has joined the Swiss bank as a team leader. His previous role was as a Director in Westpac's private wealth team, prior to that he worked for Macquarie Funds Group as well as ANZ Bank.

Pan-Asia Offering

Sew Lee 500The bank has been ramping up its Pan-Asia business and recently appointed Sew Lee (pictured) who was formerly the head of the Asian unit of ANZ 's private bank. A report from Australia's AFR (paywall) also noted that Credit Suisse had also hired Jimmy Siu from Westpac Banking Corp to join the team alongside ANZ's Yvonne Sim and Tommy Yu

In Asia the bank has been no less aggressive with reports that in excess of 30 new recruits have been on-boarded, joining the more than 70 new faces who the bank hired in 2015.

finews.asia also reported last month on the desire of the bank to carve out a bigger share of China's burgeoning new wealth. 

 

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