Pay of Credit Suisse's senior Asia-Pac investment bankers up 15%: sources

Hong Kong

CREDIT Suisse Group AG raised some of its senior Asia-Pacific investment bankers' pay last year by as much as 15 per cent after the firm boosted advisory revenues in the region, according to people familiar with the matter.

Average total 2016 compensation, including bonuses, for high-performing managing directors at the bank was between US$1 million and US$1.5 million, said the people, who asked not to be identified because the details are confidential. Analysts and associates focusing on the advisory and underwriting business in Asia on average received about a 20 per cent increase, they said.