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

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note