Veteran banker Nicole Yuen has joined Credit Suisse as head of Greater China equities. She will be based in Hong Kong and will assume overall responsibility for the bank’s existing China equities business.
Yuen is well known within China’s capital markets, having helped to build UBS’s China equities team during the past decade. Indeed, she was the first foreigner to place an order for A-shares back in 2003 after playing an instrumental role in winning approval for UBS to enter the qualified foreign institutional investor scheme.
As well as establishing UBS’s equities platform in the mainland market, Yuen also has considerable experience in Hong Kong’s capital markets, dating back to the early 1990s when she led the listing of a number of Chinese companies during the first wave of H-shares. During her 18-year career at UBS, she also took part in the early tranches of B-share listings on the Chinese stock exchanges.
“[Yuen’s] appointment underpins our continued commitment to invest in our China equities franchise,” said Ali Naqvi, head of Asia-Pacific equities at the Swiss bank. “She will spearhead the build out of our onshore capabilities as opportunities develop. Credit Suisse’s integrated one bank strategy and China’s rapidly expanding financial markets should combine uniquely to provide us with growth opportunities in the coming years.”
Yuen has served on the China Securities Regulatory Commission’s listing committee, which is responsible for reviewing A-share listings, and to date remains the only foreign investment banker appointed to the panel.
She studied as a lawyer at Harvard Law School and, before joining UBS, was a partner at Clifford Chance in Hong Kong. She also worked for Clifford Chance in the UK and the Netherlands. She is a qualified lawyer in the US, UK and Hong Kong.