Credit Suisse names Janice Hu as CEO of China
Credit Suisse today announces the appointment of Janice Hu as CEO of China, as the bank continues to expand its franchise and presence in mainland China. The appointment is with immediate effect.
As part of the next phase of Credit Suisse’s strategy, Ms. Hu, in her new role as CEO of China, will continue to drive the bank’s onshore business and regulatory activities with the objectives to further increase its presence, set up a comprehensive platform, and enhance Credit Suisse’s position. She will work closely with Credit Suisse’s leadership team across Asia Pacific and Greater China to capitalize on collaboration opportunities.
Ms. Hu has an outstanding professional track-record, with over 25 years of experience in the financial markets in China. During her 20-year tenure at Credit Suisse, she has held various senior roles across our China franchise, including Vice Chairwoman of Credit Suisse China and Head of China Investment Banking. In her capacity as Vice Chairwoman of China, Ms Hu was instrumental in Credit Suisse becoming a majority shareholder of its China securities joint venture in June 2020.
Last week, Credit Suisse renamed its China securities joint venture as Credit Suisse Securities (China) Limited, marking another major step in the bank’s ongoing build-out of its China franchise. Over the past year in mainland China, Credit Suisse has recruited more than 60 professionals across all businesses and corporate functions.
The appointment of Ms Hu follows the departure of Zhenyi Tang, who is leaving Credit Suisse to pursue other opportunities outside the financial services sector.