Credit Suisse is planning a further push into China, where it has been “underweight”, as the bank’s chief executive shrugs aside fears over the slowdown in the world’s second-largest economy.
The drive is part of the Swiss bank’s renewed focus on Asia under the strategy of Tidjane Thiam, who took over last summer. Since then, he has been pruning its investment bank in favour of redeploying capital to its wealth management and private banking units.
“It’s fair to say we’ve got a good team but we’ve been underweight in China. It’s one place where we can grow,” Mr Thiam said on Tuesday at the bank’s annual Asian Investment Conference in Hong Kong. “I don’t understand the obsession with the [China] slowdown.”
您已阅读37%（713字），剩余63%（1235字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。