Credit Suisse Group is shifting its Singapore prime brokerage chief to Japan to head its hedge fund servicing efforts there.
Myo Schollum has been named head of prime services coverage in Japan. He succeeds Yoji Koga, who retired in April.
“We’re actually shifting people and talent into Japan, as opposed to a lot of other prime brokers who are actually pulling people away from there,” Matt Pecot, head of prime services in the Asia-Pacific region for the Swiss bank, told Bloomberg News. “From an investor perspective within Asia-Pacific, Japan is probably the most interesting market for global hedge funds right now.”
Schollum joined Credit Suisse’s prime brokerage in 2001 after working for Deutsche Bank. He will be succeeded in Singapore by Joseph Leckie, who is charged with drumming up new business for Credit Suisse in the city-state.