Credit Suisse Strengthens Chinese Capital Markets Unit With Three Hires

Credit Suisse has bolstered its Chinese operations with three senior appointments to its investment banking and capital markets (IBCM) team in China - Li Ping, Summer Xia, and Ma Jie are all coming over to the lender in new roles, according to a Reuters statement.

Credit Suisse has been a notable departure from a number of other leading lenders in Europe and Asia, namely as they have largely abstained from sweeping job cuts to their operations. The majority of losses in the financial industry have resulted in backoffice or technology jobs being axed, though fixed income and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX Desks FX Desks FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liq FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liq Read this Term have also faced stark losses as well.

Credit Suisse’s latest efforts however illustrate the lender’s growth in China, with respect to the capital markets industry, a point of emphasis from many banks in 2016.

Li Ping will be joining the lender’s IBCM team, having formally served as the joint Head of Corporate Coverage at Deutsche Bank's capital markets and solutions unit in Beijing. In her new role she will be leading the IBCM team as its Managing Director in Credit Suisse’s Shanghai unit.

Summer Xia comes over to Credit Suisse from China International Capital Corp., stepping into the role as the bank’s chief Beijing representative. Ma Jie, also previously from Deutsche Bank, will be joining Credit Suisse’s Shanghai team.

According to a recent Credit Suisse statement: "In this newly created role, Ms. Li will be responsible for expanding Credit Suisse's onshore client coverage capabilities in China, as well as building Credit Suisse's financing franchise.”