Credit Suisse installs new private banking CIO
Swiss bank Credit Suisse announced the appointment of John Woods as its new chief investment officer for Asia Pacific within its combined private banking and wealth management business.
Based in Hong Kong, Woods joined the bank this month from Citi Investment Management and came in to replace Fan Cheuk Wan, who left Credit Suisse this June, according to her LinkedIn profile.
Woods now sits on Credit Suisse's global investment committee. He is tasked with developing regional investment views across and within asset classes and contributing to the development of discretionary and advisory strategies for the bank’s private and institutional client base in Asia Pacific.
He reports to Nannette Hechler-Fay’d’herbe, global head of investment strategy and research, based in Zurich.
Woods has 25 years’ experience in equity, fixed income and currency markets in Asia and the UK. Most recently he worked as head of fixed income for Asia Pacific at Citi Investment Management. It is understood he has not been replaced at Citi and that his responsibilities have been shared among the team there.
Before that Woods served as chief investment strategist for Asia Pacific at Citi Private Bank, where he was a member of the global investment committee and was responsible for multi-asset allocation of advisory and discretionary mandates, as well as for developing the Asian investment strategy, asset allocation and client management.
Woods has also held senior roles within HSBC in the UK and Hong Kong, including global head of credit research and strategy.
Fan had spent almost nine years at Credit Suisse private banking, joining in October 2006 as head of research for Asia Pacific, based in Hong Kong. She served in the role for just shy of seven years.
She was promoted to chief investment officer for Asia Pacific in August 2013 and spent almost two years in the role.
Fan was a former journalist, having worked as senior China reporter at the Hong Kong Standard for almost four years from June 1987. She also worked for the Hong Kong Economic Journal and the South China Morning Post.