Credit Suisse hire new man to take on Asian market

28 August 2007

Credit Suisse Group has hired a new man to head their group in Asia.

Rob Jesudason has joined the second largest Swiss bank with the aim of gaining projects from financial services companies in the Asian market and will be based in Hong Kong.

USB and Goldman Sachs Group have led in the Asian mergers outside Japan over the last two years, according to Bloomberg.

Credit Suisse is third in the rankings of financial institution mergers in Asia excluding Japan and was involved in five mergers over the last year.

The company wants to improve its private-equity and debt finance sectors in the Asian market.

Mr Jesudason who was hired from JP Morgan Chase. replaces Carlos Oyarbide who left the company in April and will report to Vikram Gandhi.

Mr Jesudason was managing director of JP Morgan's New York based Asian Special Situation Group, he has also worked for Barclays.

Mr Jesudason did not comment on his new appointment.

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