Credit Suisse: Investment Banking Senior Appointments in Asia

Liping Zhang, Head of the China Investment Banking Department, has been appointed Vice Chairman of the Non Japan Asia Investment Banking Department. In this capacity, Mr. Zhang will take on additional regional client coverage oversight responsibilities. He will continue to be based in Hong Kong, reporting to Paul Raphael, Head of Investment Banking for Asia Pacific. Mr. Zhang will also continue to act as China Country Manager for Credit Suisse, responsible for the Bank's integrated business opportunities across private banking, investment banking and asset management.

Janice Hu, Managing Director and Vice Chairman of the China Investment Banking Department, and Jeremy Xiao, Managing Director and Head of the Investment Banking Department's office in Beijing, have been appointed Co-Chairmen of the China Investment Banking Department.

Paul Su, Managing Director in the Investment Banking Department, will assume the role of Chief Representative of Credit Suisse (Hong Kong) Limited, Shanghai Representative Office, and Head of the Investment Banking Department's office in Shanghai. He will continue to be responsible for coverage of Chinese industrial and mid-caps companies.

Ms Hu, Messrs Su and Xiao will continue to report to Mr Zhang.

"China is one of our most successful markets in the region," Mr. Raphael said. "Liping, Janice, Jeremy and Paul represent some of the most talented China bankers in the industry. These new responsibilities build on their proven leadership track record and will ensure that Credit Suisse leverages its strengths across all our products.

We are seeing increasing volume of intra-regional deal flow, which plays well to our strength of combining local expertise and global reach. Today's appointments will position us further to capitalize on the opportunities," added Mr Raphael.

Credit Suisse and its partner Founder Securities have recently received approval from the China Securities Regulatory Commission to establish a joint venture in China. This marks the first approval that the CSRC has granted since the new regulations relating to the establishment of Sino-foreign securities companies were announced in December 2007. Through this newly formed entity, Credit Suisse will be able to provide investment banking services to clients in the domestic China market.

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