Credit Suisse, UBS Moving Bankers to China From Hong Kong
- Swiss firms are relocating bankers to lift China dealmaking
- Global banks build up in world’s fastest growing major economy
Shanghai on Feb. 12. UBS and Credit Suisse both have aggressive plans to expand on the mainland.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Credit Suisse Group AG and UBS Group AG are relocating a number of bankers to mainland China from Hong Kong to better compete for deals after the world’s fastest growing major economy relaxed curbs on foreign financial firms.
Credit Suisse recently moved three directors, including Vivian Feng, Richard Kot and Felix Meng, as well as four more junior bankers, to the mainland, said people familiar with the matter who asked not to be named discussing internal decisions. UBS is in the process of shifting several managing directors, though no final decision has been made, people familiar with the deliberations said.