People Moves -Credit Suisse Names Wang Jing Head Of Private Banking China
Swiss bank Credit Suisse announced that it has hired a new head of private banking (PB)operations for mainland China as part of its plans to become the top foreign provider of high-end wealth management services to customers in the country.
Starting in April, Wang Jing, formerly the head of PB operations at the China Merchants Bank(CMB), will oversee Credit Suisse’s onshore wealth management operations and mainly focus on helping the lender reach its private banking ambitions in China, which is now integral to the health and wealth of the PB sector. Recent research by the bank highlighted global wealth expanded by 2.6% year-on-year, or $9.4 trillion, to a total $360 trillion in 2018; China accounted for $1.9 trillion of the net gain. Wealth-X’s latest billionaire census, published in May, counted 285 Chinese dollar billionaires with a total net worth of $996 billion, second only to the US (705 billionaires; cumulative wealth of $3 trillion).
Wang’s new role will give her direct access to the lender’s global PB network composed of 3,800 relationship managers across 50 offices. In her previous role at Shenzhen-based CMB, Wang transformed the bank into China’s best onshore wealth manager. Last year, CMB won 12 China awards in Euromoney’s annual Private Banking and Wealth Management Survey, including best overall provider of onshore PB services. Credit Suisse took the award for world’s best bank for wealth management.
Enjoyed this article? Let us know your thoughts comment below:
Blogs for you
Half the Sky's mission is to supply the tools that can give every woman the ability to build a successful career and be fully prepared for the future of work. So, that they can lead a healthy, prosperous and more balanced/blended lifestyle of their choosing. By building your confidence, you’re setting foundations to empower yourself and your career. The world is your oyster, and it starts with you.
Enjoyed this article let us know your thoughts in the comments below:
About half the sky
half the sky (HTS) is a career platform for women connecting you to career opportunities at companies that care. Providing you with information, tips and strategies to navigate the rapidly changing workplace.
Sign up to get career tips and job alerts directly to your inbox! Join us to shape the future of women at work together!