Credit Suisse China JV CEO Quits, Follows Exit at JPMorgan  

Credit Suisse Group AG’s chief executive officer at its securities venture in China is stepping aside after less than two years on the job, becoming the second top executive at a major foreign lender in the nation to quit this month.

Tim Tu informed management that he decided to pursue other opportunities within Credit Suisse, according to a memo that was confirmed by a spokeswoman. Beijing-based Tu intends to relocate to Hong Kong, though his exact new role hasn’t been finalized, said people familiar with the matter who asked not to be named discussing an internal decision. The spokeswoman declined to comment on his next job.