Credit Suisse has appointed a new vice chairman of asset management for Asia-Pacific as it rebuilds in the region. Head of fixed income Anthony Iliya is taking on the newly created role and will be responsible for increasing Credit SuisseÆs asset management business, including the development of its joint ventures in China and Korea.

IliyaÆs role will include developing both traditional and alternative products in the Asia-Pacific region. A Credit Suisse source says the company sees alternative products, in particular, as a major area of growth.

She says that increasing the global reach of the business is a key goal, and adds: ôHistorically we have had our main business in Australia and Japan. But we see growing opportunities in the rest of Asia covering both retail and institutional mandates.

ôAlthough our joint ventures, ICBC Credit Suisse Asset Management in China and Woori Credit Suisse Asset Management in Korea, are mainly retail, we see institutional business opportunities and, since last year, have also increased our presence in Singapore.ö

IliyaÆs appointment comes three months after the high-profile departure of Clayton Copleston, director and head of business development Asia ex-Japan for Credit SuisseÆs asset management division.

Iliya's role as head of fixed income has been filled by the in-house appointments of Anton Douglas and Lars Sorensen. Douglas has been made responsible for fixed-income sales, trading and debt capital markets syndication across Asia ex-Japan while Sorensen will take on fixed-income structuring and corporate coverage across the same geography.