Bangkok--24 Oct--DC Consultants & Marketing Communications
Credit Suisse announced that Helman Sitohang has been appointed as Chief Executive Officer (CEO) Asia Pacific, based in Singapore, in addition to his existing role as Head of the Investment Bank for Asia Pacific. He replaces Eric Varvel, who has become Chairman for Asia Pacific and the Middle East Regions.
Mr. Sitohang has been instrumental in the success Credit Suisse has achieved in Asia Pacific, particularly in the Investment Bank and in Southeast Asia. With the strong Asia Pacific management team, increased autonomy and higher resource allocation to Asia Pacific, Credit Suisse believes Mr. Sitohang will be able to produce outstanding results, demonstrate growth and build on the impressive momentum in the region.
“Our comprehensive presence in the region, and leading positions in Private Banking & Wealth Management and Investment Banking, means that we can provide a truly focused service to our clients across Asia Pacific. More than any other institution, our clients in the region can benefit from a fully integrated suite of Private Banking and Investment Banking expertise which is difficult to replicate elsewhere,” Mr Sitohang said.
Mr. Sitohang is an Indonesian and has been with the bank since 1998. During his career with Credit Suisse, he has been involved in around US$150 billion of M&A and capital raising across the globe, and has led the origination of many of the bank's high profile deals across Asia and Australia. In 2009, Mr. Sitohang was named as an inaugural member of Finance Asia's "Club" of the 50 most influential people in Asia's financial markets. He was also appointed as Co-Head of Investment Banking Department Asia Pacific in the same year, before assuming the role of CEO for Southeast Asia in 2010 and Head of Investment Bank for Asia Pacific in 2012.
In Asia Pacific, Credit Suisse is represented in 12 countries with 7400 employees working in 24 offices, providing one of the broadest footprints of any international bank in the region.
About Credit Suisse
Credit Suisse is one of the world’s leading financial services providers. As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management to companies, institutional clients and high net worth private clients worldwide. Credit Suisse is headquartered in Zurich and operates in over 50 countries across the world. Further information can be found at www.credit-suisse.com
In Thailand, Credit Suisse is a full-service securities brokerage with a dedicated investment banking team. Since its establishment in Thailand in 2000, Credit Suisse has been a key financial service provider to state-owned enterprises and major corporates, providing financing and advisory services, capital raising, liability management, M&A transactions as well as structured finance.
In 2014 to date, Credit Suisse has successfully completed key capital markets transactions including the Baht 14,500 million IPO for Bangkok Airways PCL, the Baht 10,000 million Convertible Bond for Bangkok Dusit Medical Services PCL and the US$1,000 million Perpetual Bond for PTTEP PCL. Credit Suisse’s equity brokerage platform in Thailand has the largest institutional investor market share since 2010. It was awarded “Thailand’s Best Securities Company for Institutional Investors” by the Stock Exchange of Thailand in 2010, 2011, and 2013. It also received the most prestigious award “SET Award of Honor: Excellence as a Securities Company for Institutional Investors during 2010-2012”. Credit Suisse’s equity trading platform is fully supported by a highly experienced research team, which has been ranked #1 in Thailand Equity Research on commission-weight basis by Institutional Investor (“II”) poll since 2010.
For more information, please contact:
Edna Lam, telephone +65 6212 6702, +65 9635 2747
[email protected]
Local agency contact – Picha Wattanasiritham, 02-614-6103
[email protected]