Credit Suisse has bolstered its prime services team in China with the appointments Michelle Lim and Henry Lam, who both join from Deutsche Bank.
Lim has been appointed as managing director and head of China prime sales and business development and will be responsible for driving all prime sales, capital introduction and consulting services for China prime clients.
Based in Hong Kong, Lim will report to Jonathon Jenkins, head of equity sales and prime distribution, Asia Pacific.
Most recently, Lim was a managing director and co-head of Asia prime brokerage sales at Deutsche Banks.
Meanwhile, Credit Suisse has named Lam as director of prime sales in China, reporting to Lim.
In his new role, Lam will be responsible for origination and coverage efforts with China prime clients. At Deutsche Bank, Lam was most recently director in Asia prime brokerage sales.
Commenting on the appointments, Neil Hosie, head of equities, Asia Pacific, Credit Suisse, said: “These appointments underpin our commitment to our regional equities franchise and, in particular, to the burgeoning China hedge fund segment, as we gear up for our China onshore expansion in 2020 and beyond.”
According to Credit Suisse, China is pressing ahead with the opening up of its financial sector for greater participation by international investors.
In October, the China Securities Regulatory Commission announced a timeframe for removing its limits to foreign stakes in futures, mutual fund and securities companies starting from this month.
