Credit Suisse Group AG has named veteran bank ker Jing Wang as chief executive officer of its Chinese securities joint venture effective immediately, according to an internal memo reviewed by Reuters on Thursday.
Wang recently worked as the bank’s head of Ch ina onshore wealth management.
A Credit Suisse spokesperson confirmed the cont ents of the memo.
The China joint venture,Credit Suisse Securities( China) Ltd, lost its former CEO Tim Hu in April.The head of investment banking and capital markets was nam ed as the interim chief of the business.