The move happens while Credit Suisse continues to press its Asia-Pacific credentials. Recent results showed that revenues in the region make up 19 per cent of group revenues.

Credit Suisse has named Jack Siu as chief investment officer for Greater China, based in Hong Kong, this publication can report. 

Siu has 15 years’ investment management experience in asset allocation, equity, fixed income and currency markets in Hong Kong and London. He joined Credit Suisse’s CIO Office in 2015 as an investment strategist based in Hong Kong and was promoted to senior investment strategist in 2018. Prior to Credit Suisse, he was at Generali Investments where he was portfolio manager for its Asian Bond Fund; and before that, was an investment strategist at Citigroup. 

In his new role, Siu continues to report to John Woods, chief investment officer for Asia-Pacific at the bank. 

The move comes at a time when Credit Suisse continues to push forward its Asia-Pacific business. According to recent results, the bank’s revenues in Asia rose by 39 per cent year-on-year to $1.6 billion, now accounting for 19 per cent of group revenues. Client business volumes – assets under management - climbed to a record $419 billion, from $402 billion at year-end 2020, mainly due to new inflows from clients. The Asia-Pacific division reported adjusted pre-tax income of $531 million.