Credit Suisse hires former CLSA chair Tang Zhenyi as China CEO
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Credit Suisse said on Monday it has hired former CLSA Chairman Tang Zhenyi as the chief executive officer of its China operations.
Mr Tang will join Credit Suisse this month to oversee its mainland China businesses, the bank said in a statement.
In March, Mr Tang left CLSA, the Asia-focused brokerage which was purchased by Chinese state backed Citic Securities in 2013.
His departure was followed by that of other senior executives at CLSA, including CEO Jonathan Slone.
Credit Suisse plans to increase its stake in its onshore China securities joint venture to 51 per cent, subject to regulatory approvals, the bank said in April.
Prior to his eight years at Citic and CLSA, Mr Tang spent 17 years working at China's Ministry of Finance.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
