The Swiss bank said it is "augmenting our management bench strength to capture the significant opportunities in the private banking Greater China market".

Credit Suisse has named a new market leader for its Greater China market - John Huang (pictured). He has been promoted from his team leader role, reporting to Keng Cheong Lock.

Vanessa Wu will step up from her role as senior relationship manager to become team leader, reporting to Lock in the interim.

Huang started his wealth management career at UBS and joined Credit Suisse in 2010 to help design its onshore operational model, processes, and platform. Before rejoining Credit Suisse in 2018, he was the CEO of Cathay United Bank, Private Banking Taipei.

Wu joined Credit Suisse in 2015. Previously, she was with UBS (in both wealth management and investment banking) in Taiwan for over 15 years, where she focused on UHNW client solutions and led their securities platform business.

The bank will announce the appointment of a second market leader shortly.

“We are proud to keep on expanding our Greater China private banking activities with these appointments. Both John and Vanessa are seasoned bankers with extensive market experience and knowledge of the ultra-high net worth segment. We will continue to grow and invest in this key market, which is of strategic importance to the bank,” Francois Monnet, head of private banking, North Asia, said.