Tag : credit suisse

Long/short equity hedge funds are expected to see net inflows in the second half, with Asian investors particularly keen on such strategies, indicates a new Credit Suisse survey.

A Securities and Futures Commission investigation found the Swiss bank failed to put internal controls in place to ensure all contracts were in compliance with position limits.

Stefan Keitel, the Swiss bank’s global chief investment officer, explains why he recommends underweighting fixed income and cash in favour of stocks and real assets.

The bank is working to find cost efficiencies as it finalises an integration plan for its merged private banking and AM business. Product selection and IT are two potential areas of focus.

The bank has moved to centralise transition management resources in response to sluggish industry flows, cutting its Asia-Pacific head of TM, Tom Wyse.

Neil Harvey will focus on institutional and ultra-rich clients in Asia as well as retain his group co-CEO role for Greater China.

Bunt Ghosh retires, while other business heads from the asset management unit take on different roles.

Blackstone names Singapore chairman, CS hires SE Asia private bank head, Manulife AM hires in Korea equities, Henderson Global appoints analyst, HKEx does LME reshuffle, Swift names new Asia head, law firms Sidley Austin and Debevoise make promotions.

The question remains, however, as to whether Joseph Ho will stay with BlackRock once it acquires Credit Suisse’s ETF business.

The bank is switching its funds business from a standalone distribution model to one that relies on its private bank, with sales heads exiting. But will it regret cutting back in Asia?

Taking its cue from greater on-exchange activity in A-share ETFs, the bank has invested in a new market-making system for providing on-screen quotes to the retail segment.

Credit Suisse is merging its asset management business with its private bank and reshuffling top management. Three top bankers depart, including Asia-Pacific CEO Osama Abbasi, while Helman Sitohang gets a bigger role.