In an interview with the Financial Times, Credit Suisse chief executive Oswald Grubel said that the bank would recruit between 2,000 and 4,000 extra staff in Asia, for investment banking, asset management and private banking divisions, as well as back office operations.
The creation of 4,000 jobs would double Credit Suisse’s Asian staffing levels. Mr Grubel told the newspaper that Credit Suisse was looking to develop its strategic presence across Asia, including entering China’s restricted domestic brokerage market.
He said: It will be important for China to have the international expertise to help develop its domestic brokerage market. But that process depends on the government, as it has the power to grant licenses.
