Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
The pair will take over from Jon Pratt who defected to Merrill Lynch earlier this month.
Joo will be based in Hong Kong, while Tan will be based in Singapore. Both will report to Vikram Malhotra, who heads Credit SuisseÆs global markets solutions group in Asia.
Joo will be responsibile of looking after Credit SuisseÆs high-grade and sovereign business. TanÆs focus will be the bankÆs high-yield business.
Tan has been with Credit Suisse for the past four years, and moves into the new position with a lot of experience in non-investment grade and ratings sensitive bond issuance having worked on over 60 deals in the region. Prior to joining Credit Suisse in 2003, Tan was a ratings advisor for JPMorgan for Asia (ex-Japan) and was part of JPMorganÆs economic research team.
Joo joined Credit Suisse in 1998 from Goldman Sachs' DCM group. In his time at Credit Suisse, he has been responsible for capital markets, M&A and derivatives coverage for Korean clients. He was also the head of Korea capital markets responsible for overseeing marketing and execution of all equity and debt capital initiatives.
Global investors are advised to look selectively at Japanese equities as the country recovers from lockdown and continues to improve corporate governance.
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IHS Markit research points to better dividends but a lower payout ratio.
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