ICBC Credit Suisse Asset Management International, a JV between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse, has appointed Elvin Yu as new head of international sales and client relationships.

In his new role, Elvin will be responsible for managing all sales, marketing and client relationship functions outside China.

He will be reporting to Richard Tang, CEO, ICBC Credit Suisse Asset Management (ICBCCS).

Elvin joined ICBCCS from Allianz Global Investors, where he worked as responsible officer, managing director and head of institutional business for Greater China and SE Asia.

Prior to this, he has worked with at Baring Asset Management and AXA Rosenberg. He has over 16 years of experience in the asset management industry.

“I am delighted to join the firm and drive the international expansion at this significant point of RMB internationalization. ICBCCS is one of the world’s largest asset managers dedicated to China solutions, and has an excellent array of capabilities that offer tremendous opportunities for international clients,” added Elvin.

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ICBCCS has recently appointed Ricky Chau as director of global investment solutions and Elaine Yu as head of legal and compliance and is responsible for all legal, compliance and regulatory affairs for the firm.

Tang said: “We are excited to leverage on our stable teams and successful track records in China, to provide the international audience the best in class RMB solutions appropriate for their needs.”