Switzerland's second-largest bank reportedly names a new chief executive for its onshore securities venture in mainland China.

Wang Jing has been named CEO of Credit Suisse’s China securities joint venture, according to a «Reuters» report citing an internal memo, with the step effective immediately. Wang had been the bank’s head of China onshore wealth management.

Should the information be confirmed, Wang would fill a role left empty following the departure of ex-CEO Tim Tu in April who was subsequently renamed the co-head of the APAC financing group together with Aaron Oh.