Credit Suisse Cuts Senior Bank Jobs in Asia as Overhaul Begins
- Cuts include three managing directors across three units
- Asia moves follow deals slump, mark-to-market finance losses
This article is for subscribers only.
Credit Suisse Group AG has started cutting senior bank jobs in Asia including three managing directors across investment banking and financing as the Swiss giant carries out its plan to reduce global headcount by 9,000, people familiar with the matter said.
Among the bankers let go were Johnson Chui, Asia-Pacific head of equity capital markets, Karen Yap from the financing group, and Ee-lin Tan, head of ratings advisory, the people said, asking not to be identified because they’re not authorized to speak publicly.