Swiss banking giant Credit Suisse has reshuffled its senior management in Asia Pacific as part of plans to accelerate its momentum in Greater China and further capitalize on the opportunities in the strategically important market.
The company has appointed Mervyn Chow as CEO for Greater China operations and Carsten Stoehr as chairman of Credit Suisse Hong Kong and Credit Suisse Hong Kong Securities.
Chow is currently serving Credit Suisse as co-head of investment banking and capital markets, Asia Pacific, and CEO for China.
In the new role, Chow will oversee Credit Suisse’s private banking and investment banking growth strategies in Greater China.
He will be responsible for delivering product innovations to customers, strengthening ties with clients and maintaining regulatory relationships.
Stoehr’s appointment is in addition to his current role as head of the Asia Pacific Financing Group.
In the new role, Stoehr will be based in Hong Kong and oversee business strategies and regulatory relationships of Credit Suisse Hong Kong and Credit Suisse Hong Kong Securities.
These appointments come after the announcement of stepping down of Neil Harvey as CEO of Hong Kong and Chairman of Greater China.
Harvey will continue to serve the bank till year end to oversee seamless transition.
Credit Suisse’s Asia Pacific CEO Helman Sitohang said: “Mervyn and Carsten are among our strongest leaders. They both lead successful and profitable businesses and have a client-focused, results-oriented approach, as well as a strong risk and control mind-set. They both are highly experienced in driving collaboration across our integrated platform.”
