Credit Suisse announces senior leadership appointments

Zeth Hung appointed as co-head of investment banking & capital markets, Asia-Pacific and Carsten Stoehr as CEO for Greater China

CREDIT Suisse has appointed Zeth Hung as co-head of investment banking & capital markets, Asia-Pacific and Carsten Stoehr as CEO for Greater China.

Hung, who is based in Hong Kong, was formerly head of investment banking & capital markets, Greater China and has been responsible for leading the development of Credit Suisse’s banking presence in the region. In his new role, he will work closely with Edwin Low, his fellow co-head based in Singapore, to broaden Credit Suisse’s client base across Asia Pacific, and identify opportunities to deliver a wider range of innovative solutions to the bank’s most important clients.

Hung joined Credit Suisse in 1998 and has been a key part of the bank’s business growth in Greater China and a significant contributor to many landmark transactions.

Stoehr will assume the role of Greater China CEO in addition to his current responsibilities as head of the Asia-Pacific financing group and chairman of the Board of Credit Suisse Hong Kong Limited and Credit Suisse Hong Kong Securities Limited.

Stoehr will be responsible for leading the development of Credit Suisse’s businesses across private banking and investment banking in Greater China, aiming to maximize profitability, harness business opportunities and grow the strength of the overall franchise.

In his new role, Stoehr will be responsible for leading Credit Suisse’s strategy in one of its most important markets, and he will also have primary responsibility for overseeing all the bank’s legal entities and local regulatory relationships in Greater China.

The appointments of Hung and Stoehr follow the departure of Mervyn Chow who is leaving Credit Suisse to pursue other opportunities.