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Credit Suisse Hires Banker in China Onshore Private Bank
Credit Suisse has hired Ex-RBS banker Rick Meng as head of China onshore private banking. The hiring is part of Credit Suisse’s strategy to develop China onshore wealth management business by leveraging on its Shanghai branch and Hong Kong private banking platform.
The bank’s onshore wealth management business will seek to tap ultra-high networth clients in China, and would use its securities and asset management joint ventures to expand the business.
News Source: Reuters
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About Credit Suisse
Credit Suisse (NYSE:CS) was founded in 1856 by Alfred Escher, under the name “Schweizerische Kreditanstalt.” The original purpose of the new bank known as SKA was to finance the expansion of the railroad network as well as the further industrialization of Switzerland. Fourteen years later, the bank’s first foreign representative office opened up in New York. In 1905, the bank’s first branch outside Zurich opened in Basel following the acquisition of Oberrheinische Bank. Today, it has a global reach with operations in over 50 countries and 48,200 employees from over 150 different nations. It serves its clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by two other divisions specializing in investment banking capabilities: Global Markets and Investment Banking & Capital Markets.
- Origin : Zurich, Switzerland
- Assets : CHF 820.81 billion
- Revenue : CHF 23.38 billion
- Employees : 48,200
Official Website: www.credit-suisse.com
News & Media: Press Release
Updated on 8th August 2016
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