The head of Credit Suisse’s securities joint venture in China,Tim Tu, has stepped down to pursue other opportunities within the Swiss bank, a spokeswoman said.
Daniel Qiu has been appointed interim CEO of the CSSCLventure effective immediately. He assumes the role alongside his existing responsibilities as Head of Investment Banking&Capital Markets(IBCM) at CSSCL.
Tu was appointed CEO of CSSCL in July 2020 after Credit Suisse obtained a majority stake in the joint venture.