Bangkok--30 Nov--Francom Asia
Credit Suisse announced today that it has appointed Helman Sitohang as Head of the Investment Bank for Asia Pacific, in addition to his current responsibilities as CEO for Southeast Asia. In this newly created role, he will be responsible for strengthening the positioning of Credit Suisse’s equities, fixed income and investment banking businesses in the region.
With this appointment, Credit Suisse is now the only global investment bank led by a Southeast Asian who will be based in Singapore, reflecting the importance the Bank places on Southeast Asia.
Mr Sitohang has a strong track record of building market leading businesses by focusing on clients, teamwork and profitability. An alumnus of the Bandung Institute of Technology, Mr Sitohang joined Credit Suisse in 1998 in Indonesia. During his 14-year career with Credit Suisse, Mr Sitohang has worked on numerous landmark transactions across asset classes and products for clients in Asia Pacific and globally. He was appointed co-Head of Investment Banking Department Asia Pacific in 2009 and CEO for Southeast Asia in 2010.
Mr Sitohang said: “As the trusted advisor to some of the most important companies and institutions in Thailand, Credit Suisse has been involved in a number of landmark transactions and has repeatedly demonstrated its ability to leverage all parts of the bank to execute complex transactions through teamwork, creativity and relentless hard work — recent examples being Thai Air Asia US$229 million IPO and Bumrungrad Hospital US$723 million block sale.”
Year-to-date, Credit Suisse has raised more than US$1.124 billion for clients in Thailand, ranking #1 with 34 percent of the equity capital markets underwriting market share. Credit Suisse has also ranked #1 by equity trading market share in Thailand among international brokers since 2006.
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,400 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Investment Banking
In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 30 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services.