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Asian Banking Luminary Joins Credit Suisse

Tom Burroughes Group Editor 11 December 2018

Asian Banking Luminary Joins Credit Suisse

One of the most familiar figures in the region's banking sector has joined Credit Suisse from a rival.

A former top banker at UBS, Eric Kang, will become vice-chairman for private banking in Southeast Asia at rival Credit Suisse, this publication can confirm. 

The appointment takes effect from 19 January. Kang, who will be based in Singapore, will report to Benjamin Cavalli, head of private banking for South Asia and chief executive for Singapore.

A figure with almost four decades in the banking sector, Kang was most recently part of the global family office operation at UBS Wealth Management where he worked for almost five years. Before that, he covered Southeast Asia clients at Morgan Stanley Private Wealth Management. Kang has also held several senior positions in fixed income sales and trading at various international banks in Singapore, London and Tokyo, including Credit Suisse First Boston where he managed a fixed income and forex sales and trading team for seven years.

There have been a number of high-level comings and goings at the Swiss bank in Asia, as seen here, for example.   Francesco de Ferrari, who had been at Credit Suisse for 17 years, and was head of private banking for Asia-Pacific and chief executive for Southeast Asia and frontier markets, joined AMP Ltd in August

Early in November the Zurich-listed bank issued its third-quarter results.

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