The internal promotions are seen as a sign of the bank's deep talent bench
Credit Suisse has made a series of new appointments in its investment banking and capital markets division in Asia Pacific, with a clear emphasis on promoting from within versus hiring from other rivals.
“At Credit Suisse, our human capital strategy is based on investing selectively in new talent as well as nurturing future leaders from within the firm,” says Zeth Hung, co-head of Investment Banking & Capital Markets (IBCM), Asia Pacific.
“As we continue to drive accelerated growth for our business in the region, these appointments will bolster our position to capitalize on the opportunities available,” he adds.
Hung’s co-head, Edwin Low, describes the internal promotions a reflection of the bank’s deep talent bench, which, in turn, an indication of Credit Suisse’s commitment to train junior staff to become the next generation leaders.
“In addition, this also helps the bank with an orderly succession plan and creates a team with an inherent long-term control culture,” says Low.
Among the new appointments are Christian Deiss, who is made head of M&A, APAC. Deiss, who has clocked 23 years with the bank, has been focusing on the energy industry. With Deiss new appointment, there will be a dedicated team covering industrials, and energy and infrastructure.
Sanjeev Chaurasia, who has 17 years with the bank, is now head of industrials and renewables.
Aaron Tan, a two-decade veteran with the bank, has been made co-head of energy and infrastructure, APAC.
Christopher Chua, also with 17 years, is now deputy head of M&A, APAC, which is on top of his existing role as head of M&A, Greater China.
Kuan-Ern Tan will be the new co-head of IBCM, Southeast Asia and Frontier Markets, running this business with Rehan Anwer. Tan will remain as deputy Singapore CEO.
Zi-Kuan Lim is appointed head of M&A, Southeast Asia and Frontier Markets. He joined Credit Suisse in 2003.
Angeline Aw, who joined the bank in 2004 at the entry level of an analyst, has been made head of Singapore coverage, IBCM.
Besides promoting from within, Credit Suisse has made new hires too. Angelo Coloma has re-joined the bank as director and head of real estate coverage for Southeast Asia and Frontier Markets. He was previously CEO of SC Health Corp, a Special Purpose Acquisition Company (SPAC), which listed in 2019 and de-spac with Rockley Photonics.
Harish Kumar, previously with Credit Suisse’s cross town rival UBS for 14 years, has been recruited as a director, to lead coverage of the technology, media and telecommunications sector.
Other appointments include Alex Wong, head of mobility and industrials technologies, Asia Pacific; Fisher Zhou, managing director head of healthcare coverage, APAC and Jeremy Lane, head of metals and mining, Asia.