The Swiss bank has added six new FX sales people in Japan, Singapore and Hong Kong from various banks over the last three months in a bid to drive flow business in the region. All are at director level.
Swiss bank Credit Suisse announced today (June 25) the appointment of six foreign exchange sales people in Japan, Singapore and Hong Kong to drive flow business.
The hires are all at director level and have been made between April and June, the bank said. They will report to Ivan Chan, head of global FX sales Asia, who is based in Singapore.
This is in line with Credit Suisse’s public statements about wanting to beef up its fixed income franchise. In April, Carsten Stoehr, the bank’s head of fixed income in Asia-Pacific, told Asiamoney that it expected to increase sales headcount by 25% this year.
“Asia-Pacific represents one of the biggest growth opportunities in our roadmap to become a top-tier global FX provider,” he said in a statement confirming the appointments. “These hires complement our onshore emerging markets rates and FX expansion in the region.”
Masaru Mizukami, who joined from Calyon Securities, is spearheading the marketing of managed account fund and structured products to corporate pension funds, as well as managing FX prime brokerage client relationships in Japan.
He is joined by ex-Deutsche Bank executive Kazuo Kitazawa, who will build up Credit Suisse’s FX franchise with Japanese corporates and retail aggregators. Both are based in Tokyo.
Meanwhile, Hong Kong-based Yan Qin is responsible for building the bank’s client base among Chinese financial institutions and sovereign wealth funds. He had formerly covered central banks and proprietary trading desks at J.P. Morgan in London.
In Singapore, Alan Thomas has been appointed head of private bank sales for FX, where he will focus on building up the bank’s structured FX flow business. He was most recently head of FX for global wealth management Europe and Middle East at Bank of America Merrill Lynch (BoA-ML).
Joining him are Angelia Tan and Ben McColl, who have been appointed directors on the hedge fund desk. Tan joins from BoA-ML and McColl from Deutsche Bank in New York.