Credit Suisse is merging its Asia-Pacific equities and fixed income businesses as part of a broader effort to strengthen its investment banking franchise and double its profits in the region by 2018.
In an internal memo seen by FinanceAsia on Tuesday, Asia-Pacific chief executive Helman Sitohang said the strategic combination could better serve Credit Suisse clients while consolidating its risk taking capabilities and enhancing the ability to deliver multi-asset solutions.
This integrated investment banking model is getting traction in Asia as more companies tapped both equity and debt financing simultaneously to take full advantage of suppressed valuation and low interest rate environment across the region....
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