Credit Suisse has hired Rickie Chan as a managing director and market leader for Greater China, continuing the bank’s build out of its regional operations.
Chan started in the role – a new position within the bank – on February 4, is based in Hong Kong and reports to Tee Fong Seng, vice-chairman and market area head for Greater China, Asia-Pacific private banking.
According to a statement, the bank said he will drive business development in China – mainly among ultra-high-net-worth (UHNW) individuals – via Credit Suisse’s private banking, wealth management and investment bank businesses.
Chan also has a mandate to build a team of senior bankers, although a spokeswoman declined to offer a headcount or timeline.
Previously, Chan was a managing director and market area head of Hong Kong at Barclays Wealth and Investment Management. He joined the UK bank in August 2012, leading a team of bankers covering UHNW clients in Hong Kong.
Before Barclays, Chan spent 16 years at Goldman Sachs, most recently as an executive director and overseeing its Hong Kong UHNW team.
Credit Suisse has been increasing headcount at its mainland private banking team recently. Jason Yeung, formerly of Julius Baer, joined in November as a managing director and senior client partner for Greater China.
Luo Liuyi, meanwhile, was appointed managing director and market leader for Greater China in October. She previously worked at China International Capital Corporation Hong Kong Securities Limited and, before that, at Goldman Sachs’ private wealth management division in Hong Kong from 2001 to 2009.
Both Yeung and Luo report to Tee.