Credit Suisse is merging its asset management business with its private bank and reshuffling top management. Three top bankers depart, including Asia-Pacific CEO Osama Abbasi, while Helman Sitohang gets a bigger role.
Credit Suisse appoints Marcel Kreis as the chairman of its private bank in Asia-Pacific and Francesco de Ferrari becomes head of private banking for the region.
Barclays Wealth hires nine bankers in Singapore and three in Hong Kong as it continues to expand in the region.
Credit Suisse’s investment bank chairman passes away after a battle with cancer.
DBS Private Bank hires veteran Chan Kwee Him to spearhead the growth of its high-net-worth business in Indonesia, and also names Bryan Goh as head of alternatives.
Wong will be replaced in Asia by Desmond Liu who will become head of private banking for North Asia, and Nancie Dupier who will become head of private banking for Southeast Asia.