Credit Suisse First Boston is preparing to bulk up its coverage of the Chinese market in the coming months after receiving a license to conduct business directly with Chinese companies. "We're hiring selectively for marketing and back office support roles," said Josephine Lee, spokeswoman in Hong Kong. The firm will look to hire staff in both Hong Kong and Shanghai for the fixed income derivatives team, noted Lee.
The promulgation of new derivative guidelines by the China Banking Regulatory Commission, which included steps for applying for derivatives licensing (DW, 2/22), earlier this year has sparked race to hire China specialists. Last week ING Bank also joined the fray.
