Credit Suisse Group AG (NYSE:CS) is going to make changes to its Asia-Pacific region as the lender struggles with deteriorating investor confidence. The Swiss bank has decided to merge its equities and fixed-income, currency and commodities business in Asia-Pacific. According to Reuters, the current head of Asia-pacific equities business, Ali Naqvi will be in charge of the combined unit.
Under the new restructuring plan, Mr. Naqvi will assume the new role from Tuesday and will report to Helman Sitohang, Credit Suisse Asia-Pacific CEO. Reuters cited another memo from Mr. Sitohang, who mentioned leadership change in the region. Current equities derivatives Asia-Pacific head Ken Pang will serve as the head of all trading function in the r…
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