A major private bank has announced new market heads for Greater China and Taiwan.

Credit Suisse’s private banking operation in Asia has recruited Stella Kong and Edwin Lim as market group heads for China and Taiwan, respectively. Kong and Lim, who are based in Hong Kong, will join existing market group heads Alex Ng and Orchid Yuanin leading our China and Taiwan franchises respectively.

The newly-appointed duo have more than 30 years’ experience in senior frontline leadership roles covering Greater China markets with major financial institutions, according to an internal memo sent to staff from Francois Monnet, head of Greater China, private banking for Asia-Pacific, that has been seen by this publication. 

Kong previously worked at Standard Chartered, where she was the deputy regional head of private banking, Greater China and North Asia. At that firm she developed the China team, and is credited in the memo with increasing the number of relationship managers and the team’s asset base more than 15-fold in six years. Prior to that role, she was vice chairman of China at Sarasin Rabo Investment Management, head of private banking for China and North Asia at ABN AMRO, and head of the Taiwan market at both Deutsche Bank and UBS.

Lim, meanwhile, previously was head of Northeast Asia for HNW at JP Morgan Private Bank. A spokesperson for JP Morgan told this publication he is not being replaced. Prior to this, he was a MD and head of North Asia and Greater China at DBS Private Bank, before which he headed the desk for Taiwan and China in Credit Suisse’s private banking business in Hong Kong for eight years.

Credit Suisse’s market group head leadership structure for its core markets is “fully established”, the memo said, and is structured as follows:

The China market is led by Alex Ngand Stella Kong; The Taiwan market is led by Orchid Yuan and Edwin Lim, and the Hong Kong market is led by Rickie Chan and Eddy Sze.