Credit Suisse to Name New Co-Heads of Asia Financing Group

Credit Suisse Group AG will name two veterans to lead its Asia-Pacific financing group in a bid to shore up one of its most profitable businesses in the region after a series global scandals triggered billions of dollars in losses and departures of senior executives at the Swiss bank.

The Zurich-based lender will name Tim Tu, who just stepped down as chief executive officer of its China securities venture, and Aaron Oh, who runs structured solutions in the region, as co-heads of the division, people familiar with the matter said, asking not to be identified before an announcement. Tu was also Greater China head for the financing group until end of last year.