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Credit Suisse Names Another Market Leader In Private Bank
22 July 2021
has appointed Stella Lau as market leader in its private banking China Singapore market, continuing a run of senior hires in the region. (See an example here.) Jae-Ock Li joined Credit Suisse as a senior relationship manager for Japan and Korea International, based in Hong Kong. In her most recent role, she was a relationship manager at UBS for 12 years.
Lau has re-joined the Greater China Singapore group as its second market leader, with effect from 23 August 2021. She will be based in Singapore and report to Keng Cheong Lock, market group head, private banking for Greater China Singapore.
With close to 20 years of experience, Lau has focused on the China market. She was also part of the Credit Suisse’s private banking team covering the Greater China market from 2010 to 2012. Lau began her wealth management career at Citibank in 1997. Prior to re-joining Credit Suisse, she was head of the China market at JP Morgan for four years. Lau was previously with UBS as a China desk head for five years where she led her team of UHNW relationship managers for the Singapore and Malaysia market.
Lau assumes her role alongside John Huang, market leader, Greater China Singapore.
“We are confident that the new hires will strengthen our industry position with their proven expertise in this critical market. With them on board, we are poised to take our franchise in Greater China to the next level to capture the significant opportunities we see in this exciting growth market. Going forward, we will continue this strong trajectory to attract top talent who enable us to best meet our clients’ evolving needs,” Francois Monnet, head of private banking for North Asia, said.
So far in 2021 the Zurich-listed bank has made, in net terms, more than 100 hires in Asia for front- and back-office roles, including 30 relationship managers in private banking positions.
In a bid to win market share in the growing Asian sector, the bank has been on a hiring drive. Dominique Boer’s own appointment was announced here. Among other recent appointments was that of Malcolm Tay as deputy market group head and market leader for Indonesia, based in Singapore; Joyce Low as market leader for Malaysia, based in Singapore; Wee Ing Peng as team leader for the Malaysia market, based in Singapore, and Tammy Tan as team leader for the Thailand and Vietnam Market, also based in Singapore.
Among other recent hires are the following:
Shirley Li joined Credit Suisse as an expert relationship manager for the China market, based in Hong Kong. She has more than 20 years of banking experience in the China market. Li joined from CMB Wing Lung Bank where she was the head of private banking and wealth management.
Teresa Tam joined Credit Suisse as an expert relationship manager for the Hong Kong market. Tam is based in Hong Kong and brings with her more than 30 years of experience in the financial sector. She joined from Bank J Safra Sarasin where she was a senior relationship manager.
Sanjeev Sharma joined the bank’s North Asia Switzerland market team as a senior expert relationship manager, based in Zurich. He previously worked at Julius Baer where he had been a senior advisor and cluster head covering the Greater China markets since 2017.
Yandy Tano joined the Greater China Singapore team as an expert relationship manager, based in Singapore. With more than 10 years of private banking experience, he started his career with Bank Sarasin. Tano was formerly from BNP Paribas and Julius Baer before joining Credit Suisse from DBS Private bank.
In the investment consulting team, the bank has appointed Leon Mok as an investment consultant for the Hong Kong market. Mok has 16 years of investment bank and private bank experience, including 12 years at HSBC.
has appointed Stella Lau as market leader in its private banking China Singapore market, continuing a run of senior hires in the region. (See an example here.)
Jae-Ock Li joined Credit Suisse as a senior relationship manager for Japan and Korea International, based in Hong Kong. In her most recent role, she was a relationship manager at UBS for 12 years.