Credit Suisse Plans to Triple China Headcount

by swisschambei in Bank / Finance / Insurance

Credit Suisse will look to further accelerate its expansion plans in mainland China with plans to triple its headcount in the market over the next three years. “We are planning to more than triple our presence in term of headcount in China over the next three years and look forward to strengthening our position,” said Credit Suisse chief executive Thomas Gottstein during a panel discussion at the Beijing-based China Development Forum. In addition to increased headcount and also plans to take full control of its securities venture over the next 12 months after obtaining a majority stake last year, the bank will also look to expand its offering. It is planning to apply for a banking license in order for its branch to enhance its offering across private and investment banking. This is a significantly accelerated plan compared to August last year when the bank said it would look to double headcount over the next five years.

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