Credit Suisse has appointed former UBS investment banking boss, Honggui Li as China investment banking and capital markets head as part of its efforts to boost its presence in the world’s second-largest economy, according to sources cited by Reuters.
Li will be tasked with strengthening Credit Suisse’s China corporate coverage, coordinating its onshore investment banking operations and working alongside other Asia Pacific departments on business opportunities.
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Li joined UBS in 2006 where his latest role was deputy head of China in the bank’s corporate client solutions department. He will report into Credit Suisse Asia Pacific co-heads for investment banking and capital markets, Mervyn Chow and Edwin Low.
Credit Suisse’s increasing push into China comes at a time when a pickup in onshore equity and bond issuance there is helping the nation’s home-grown investment banks seize a bigger share of the fee pool.
Today’s appointment is one of a series of additions for the Swiss lender over the last few months. Finance Magnates last reported on the appointment of Warwick Palmer as Global Head of FX Spot and Forwards Trading following the restructuring of its Global Markets division.