Credit Suisse's François Monnet is looking to expand in China, Hong Kong, and Taiwan with a slew of private banker appointments, finews.com has learned.
The Swiss unit is hiring seven private bankers for its North Asia unit from several rival banks, according to an internal memo seen by finews.com. The new hires are in both Singapore and Hong Kong.
The bank named Keng Cheong Lock as market group head of private banking for China, Hong Kong, and Taiwan, based out of Singapore. Lock is a 14-year veteran of Credit Suisse. A spokesperson for the bank confirmed the contents of the memo, signed by François Monnet, the bank's wealth boss for northern Asia.
Nabbing From Rivals
Credit Suisse hired Terence Seah from UOB's private bank as a team leader, Harry Chen as a relationship manager from Julius Baer, and Maggie Ma as an expert relationship manager. She previously worked for UBS, ABN Amro, and Minsheng Bank. All are based in Singapore.
In Hong Kong, the bank hired Ray Chun as an expert relationship manager for the Chinese market from Citibank, where he led its globe digital segment. Credit Suisse also nabbed Thomas So, a BNP Paribas senior investment adviser, as well as rehiring Wilson Chan, currently a consultant at Pictet, to lead a team for investment consulting business initiatives in North Asia.
Ongoing Recruiting Plans
Credit Suisse is also moving Thomas Ang, its head of family office services in the wider Asia-Pacific region, to Hong Kong from Singapore next month. Ang won an expanded remit, including to develop a wealth planning services platform, Monnet wrote. He expressing a continued commitment to hiring in the region.
The bank is hiring Jennie Lau to support Ang in the new role. She was most recently senior legal counsel at Chow Tai Fook Enterprises where she advised on investments, treasury transactions, and family office operational governance.
