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May 18, 2017

Credit Suisse bolsters Japan team

By Meghna Mukerjee

Credit Suisse has hired Tsunehiro Watabe, a former UBS executive, as senior advisor in Tokyo, Japan.

Watabe will work alongside the firm’s private banking (PB) and investment banking and capital markets (IBCM) departments to identify opportunities to deliver its integrated bank offering to customers, as the Trusted Entrepreneurs’ Bank.

Prior to joining Credit Suisse, Watabe served as chairman at CVC Capital Partners for seven years. Previously, he also worked at Mitsubishi UFJ Morgan Stanley Securities, UBS Securities and Long-Term Credit Bank of Japan.

Credit Suisse said: “At UBS, he built up the private banking practice for Japan. He has been involved in a range of leading public transactions involving Japanese companies, originating deals including the management buyout (MBO) of Skylark, the merger of Hoya Corporation and Pentax, Ricoh’s acquisition of Ikon Office Solutions and equity financings by issuers such as Tobu Railway, Takashimaya, Nippon Mining Holdings and Kawasaki Heavy Industries.

“Moreover, Watabe’s extensive knowledge and experience of the Swiss Private Banking business will enable him to advise clients on relevant opportunities.”

In September 2016, Credit Suisse appointed Tsuneaki Hirao as the managing director and head of private banking in Japan.

Hirao is also based in Tokyo, reporting to the head of developed and emerging Asia of private banking Asia Pacific, Alex Wade, and locally to Japan CEO Martin Keeble.

Hirao was working in UBS prior to joining Credit Suisse as well, where he spent more than 10 years.

Wth the largest high-net-worth wealth pool in Asia, Japan is one of Credit Suisse’s priority markets in the region and a particularly important domestic market for it’s private banking business.

Credit Suisse plans to continue to drive collaboration across businesses, utilising the bank’s integrated capabilities to generate new clients, assets and transactions, and aims to continue it’s positioning as the “Trusted Entrepreneur’s Bank” for it’s clients.

 

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