Credit Suisse Moves Exec. To Direct U.S. Money To Asian Hedge Funds

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…