Credit Suisse loses top China banker, reshuffles team

Abrupt departure of lender's most senior China banker, Mervyn Chow, triggers leadership shake-up – just three months after the last changes. Chow is set for a private equity job.

Credit Suisse has shaken up the leadership of its investment banking unit, in a reshuffle triggered by the abrupt departure of its most senior China banker, Mervyn Chow, who is said to be joining China-focused private equity Hillhouse Capital.

The latest move came as a surprise to the banking industry, as the Zurich-based bank promoted Chow twice last year. He was most recently promoted to CEO for Greater China in October, after being named as the CEO for China in February.

After his tenure with Credit Suisse, Chow is said to be taking a senior role at Hillhouse Capital, a $35 billion private equity...

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