Credit Suisse to expand prime brokerage team in Asia by 20 pc
Credit Suisse is planning to expand its prime brokerage team in Asia by as much as 20 per cent this year as the Swiss banking major expects continued growth in business throughout the year 2010.india Updated: Jan 18, 2010 20:58 IST
Credit Suisse is planning to expand its prime brokerage team in Asia by as much as 20 per cent this year as the Swiss banking major expects continued growth in business throughout the year 2010.
Credit Suisse prime services intends to expand its team by 15-20 per cent in 2010, industry sources said. Besides, globally, headcount at the investment bank increased by 500 to 19,300 from beginning of 2009 to third quarter 2009, reflecting hiring in equities, fixed income and investment banking business.
Meanwhile, in a bid to become the leading prime broker in the region, Credit Suisse today appointed Deborah Lee to the Capital Services team within its Asia Pacific Prime Services business, Credit Suisse said.
Lee, who joins as a Director, will report to Benjamin Happ, Head of Capital Services Asia Pacific. Prime Services is one of the key client businesses identified by Credit Suisse in its equities department, along with cash equities, electronic trading and flow and corporate equity derivatives.
Lee will be instrumental in the Bank's efforts to connect its Asian hedge fund client base with global investors and to help non-Asian hedge funds raise capital from local investors, Credit Suisse said.