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Credit Suisse Said to Cut About Half a Dozen Asia Equities Jobs

  • Bank said to eliminate jobs in Hong Kong, Tokyo to cut costs
  • Matt Pecot, Asia-Pacific head of prime services, said to leave

Credit Suisse Group AG is cutting at least half a dozen equities jobs in Hong Kong and Tokyo, as the bank continues to rein in costs in an effort to boost returns, according to people with knowledge of the matter.

Among those leaving the Zurich-based bank are Matt Pecot, head of prime services for the Asia-Pacific region, and Jamie White, a Hong Kong-based director for sales trading, the people said, asking not to be identified because they’re not allowed to discuss private information. Credit Suisse also let go four equities analysts in Tokyo, they said.