Credit Suisse hires Zhu for China IB team

Credit Suisse has hired Arthur Zhu from Deutsche Bank as a managing director in its China investment banking division. Zhu, who will initially be based in Beijing, will focus on the coverage of state-owned enterprises û a category of firms which has become more and more active on the M&A front in the past couple of years.

He will report to Liping Zhang, who is vice-chairman of the non-Japan Asia investment banking department and head of the China investment banking department.

ôMany Chinese state-owned enterprises will continue to play a leading role in strategic industries,ö says Zhang in a written statement. ôArthurÆs extensive experience will benefit those clients that are becoming increasingly active in expanding their footprint overseas as ChinaÆs economic influence rises globally.ö

According to a press release announcing the hire, Zhu has extensive experience in managing large-cap transactions as well as intimate knowledge of China. At Deutsche, where he was also a managing director, he covered Chinese SOEs with a focus on the transport and industrial sectors. He started his banking career at UBS in 2000 and has worked in the UK, Hong Kong and China.