Switzerland-based global investment bank and financial services firm Credit Suisse has appointed a new market leader for its business in Malaysia, media reports said. Credit Suisse has promoted Joyce Low to market leader Malaysia as the bank seeks to expand its footprint in the region.
Joyce Low is expected to continue reporting to Jin Yee Young, who is the market group head for Singapore, Malaysia and South Asia. Joyce Low has been with Credit Suisse for over 25 years and has recently served as a team leader in the bank.
Young said in a memo,” Our people are crucial to our success, and as such, we are committed to attracting and retaining the best people in the industry. These new appointments reflect the depth of our internal talent pool and the attractive opportunities available to our colleagues to advance their careers within the bank.”
Credit Suisse is looking to bolster its private banking business in the Southeast Asian region. Recently, the bank hired of ex-Deutsche Bank group Southeast Asia head Malcolm Tay and appointment Tammy Tan as team leader for the Thailand and Vietnam market.
Last week, it was also reported that the bank is considering a merger with banking giant and Switzerland-based rival UBS Group. According to media reports, discussions are still in the primary phases and no decisions has been taken as of yet. The merger discussion is being discussed amid a major overhaul of the bank as it looks to prevent a hostile takeover.