Corporate Press Release
Credit Suisse announces leadership appointments for Global Markets, Asia Pacific
Ali Naqvi has been appointed Executive Chairman for Global Markets, Asia Pacific, while Ken Pang, currently Head of Global Markets Trading, Asia Pacific, will take on the role of Head of Global Markets, Asia Pacific, subject to relevant regulatory approvals.
The appointments are part of Credit Suisse's continuing effort to transform its Global Markets business model into achieving a dominant position with its clients, and in delivering the Trusted Entrepreneurs' Bank in Asia Pacific, whilst leveraging the bank's global distribution and reach.
In his new role as the Executive Chairman for Global Markets, Asia Pacific, Mr. Naqvi will continue to actively focus on client engagement, exemplifying the culture of client service that Credit Suisse strives for, and leverage his deep relationships with a considerable number of strategic clients in global markets across the region. He will work closely with Mr. Pang to ensure the delivery of the full capabilities of Global Markets' products and services to clients and to drive revenue growth.
Mr. Naqvi has been instrumental in leading the integration of the Fixed Income and Equities businesses into a unified Global Markets franchise in Asia Pacific. As one of the most accomplished, client focused and results-oriented leaders, Mr. Naqvi has served Credit Suisse in various senior positions over his 19-year career with the bank – most recently as the Head of Global Markets, Asia Pacific, and before that, as Head of Equities, Asia Pacific between 2011 and 2016. He has demonstrated his ability to steer the franchise to deliver strong performance through the cycles. Under his stewardship, the bank has won many industry awards in Cash Equities, Research and Equity Derivatives.
In his new capacity as Head of Global Markets, Asia Pacific, Mr. Pang will be responsible for driving the transformation of the Global Markets business in the region, to further integrate the Global Markets franchise and deliver strong results. Since he joined Credit Suisse in June 2009, Mr. Pang has demonstrated a strong proven track record in building a market leading Equities Derivatives franchise for Credit Suisse in Asia Pacific, through strong risk discipline, diversified product innovation and technology investment. The derivatives business has been consistently profitable and sustainable through all business cycles.
In order to further strengthen Credit Suisse's derivatives business, the bank recently established the Solutions Group which combines Equities Derivatives and Fixed Income structuring capabilities into an integrated platform. This allows the bank to offer world-class, multi-asset derivative products and solutions to institutional and entrepreneur clients.
As a leading equities and derivatives house in Asia Pacific, Credit Suisse has received a number of prestigious awards for 2016 across key trade publications, including:
- "House of the Year" for Asia ex-Japan by Asia Risk, reflecting the bank's excellence in delivering best-in-class distribution, trading and risk management capabilities to clients;
- "Best Provider of Asia Equity-Linked Structured Products" by Asian Private Banker as part of its 2016 Structured Products Awards for Excellence;
- "Equity Derivatives House of the Year", "Fund Derivatives House of the Year" and "Deal of the Year" by Structured Products magazine; and
- "Best Equity Derivatives House" for Asia for an unprecedented third consecutive year, "Best Structured Investment Product Multi-Asset House" for the second year running, and "Best Equity House" by The Asset.
In the Cash Equities business, Credit Suisse maintains its market leading positions in five markets in the region. The bank is also ranked in the top 3 overall in Asia for the fourth consecutive year in the "Institutional Investor 2016 All-Asia Research Survey", and was #1 for China on a commission-weighted basis. Credit Suisse was also rated top 2 Prime Broker in Asia Pacific from 2013 to 2016 by AsiaHedge.
Last year, Credit Suisse achieved a key milestone in expanding its Equities franchise in China, through the launch of its onshore A-share brokerage business via its joint venture, Credit Suisse Founder Securities. It is now among the first global banks to operate an onshore brokerage business in China.