Strategy
Credit Suisse Wants Big China Headcount Expansion - Media

The bank's Asia-Pacific chief executive wants to see a doubling of staff over the coming five years, saying that China is "our strongest focus" in terms of staff.
Credit Suisse
intends to speed up its mainland China growth, doubling its total
payroll over the next five years, according to
Bloomberg.
The news agency quoted Helman Sitohang as saying that “China is
our strongest focus when it comes to headcount, and
infrastructure growth compared to any country in the world.”
Sitohang is the bank’s Asia-Pacific chief executive.
The bank’s China securities venture had 154 staff at the end of
last year, working in areas including trading and wealth
management, the news report said.
Much of Credit Suisse’s build-out will concentrate on advisory
and investment banking services.
The Zurich-listed bank, along with a number of its international
rivals, have pivoted more towards the Asia-Pacific market in
recent years, regarding China as an important medium-term market
bet, in spite of specific concerns about clashes between Beijing
and the West over Hong Kong, or trade. The Swiss banking group
reported a broadly stronger set of second-quarter
financial results recently, and results in Asia were
particularly strong.