Reportedly, the bank hired Deborah Lee, former executive of Goldman Sachs, as director of its capital services team. Mr Lee will report to Benjamin Happ, head of capital services Asia Pacific.
Matt Pecot, head of prime services of Asia-Pacific at Credit Suisse, said that the bank would also increase headcount in capital introduction and consultancy services amongst other areas.
Mr Pecot said: “We are being selective about the kind of and number of funds we sign up and building a multi-asset prime brokerage which does not just offer long/short.”
“2010 is going to be very much like 2005-2006, in terms of the internationalisation of the hedge fund community out here. People see that the macro story out here in Asia is quite differentiated from what is happening in the US and Europe and they are trying to take advantage of that by putting talent on the ground here,” reported the news agency.
