Thursday, 5 May 2016
Last updated 51 min ago
Aug 7 2012 | 1:06am ET
Credit Suisse’s prime brokerage is shaking up its Asian capital introduction effort to tap into the pipeline of American money flowing east.
The bank has moved Ben Happ, who had been head of capital services in Asia, to Boston. In his new post, Happ will focus on introducing North American investors to international hedge funds.
“With the vast majority of capital flows into Asian hedge funds coming from North America, combined with the fact that these investors remain underweight Asia, we’ve decided to move a senior member of the Asia team to the U.S.,” Myo Schollum, head of prime services in Asia, told Bloomberg News.
“Today there’s a greater diversity by both geography and type of investors in Asian hedge funds,” Happ said. “Many of those investors are well outside of the traditional financial centers of New York and Chicago.”
In Happ’s place, the Swiss bank has promoted Deborah Lee. Lee joined Credit Suisse from Goldman Sachs two-and-a-half years ago. At Goldman, she was a member of the Hong Kong-based cap. intro. team.