Outflows at Credit Suisse persist, this time with the reported exit of its deputy head of wealth management in Asia.
Young Jin Yee tendered her resignation last week at Credit Suisse, according to a «Bloomberg» report citing unnamed sources, after about 20 years with the bank.
The Singapore-based executive – Asia deputy wealth head to Benjamin Cavalli – could be headed to another firm, the report added.
Wealth Talent Outflows
Credit Suisse’s private banking arm in Asia is witnessing increasing talent loss amid broader pressures like the spike in its credit default swap spreads, leading to fresh spotlight on its balance sheet health.
Recently, the Swiss wealth manager also reportedly saw the exits of five other private bankers based in Hong Kong.
