Ivan Chan, the head of emerging markets FX sales for Asia at Credit Suisse left the bank on September 28.
Chan, who had been based in Singapore, told Asiamoney PLUS that he is taking some time out to travel to Europe.
He resigned from the role earlier this year, but remained at the bank to oversee the handover. He had worked for Credit Suisse since 2001, and was part of the bank’s hedge fund sales team before being appointed head of global FX sales for Asia in 2008.
Before joining Credit Suisse, Chan worked for AIG from 1993 to 2001.
Eng Chien Chan (who is no relation) has been appointed to be Credit Suisse’s new regional head of FX Asia. In addition he will continue in his current role at the bank of head of Southeast Asia and India corporate and financial institutional sales.
The decision has surprised some observers, who had expected Marc Dray, Credit Suisse’s head of FX hedge fund sales, to take the vacant role instead.
Eng Chien Chan returned to Credit Suisse last year, after under spending a year as head of corporate sales and risk solutions for Asia ex-Japan at Nomura.
Before this, Eng Chien Chan was head of fixed-income sales for Southeast Asia and India at Credit Suisse. He also worked for Citi between 1998 and 2006, in a number of roles including head of sales and structuring for China.
Credit Suisse has an Asian FX sales team of approximately 15 people. A spokeswoman for the bank declined to comment over Chan's departure.