People Moves
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.
