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Credit Suisse Appoints Head of Family Office Services APAC Thomas Ang as Head of Wealth Planning APAC

1st September 2021 | Hong Kong

Credit Suisse, the Swiss banking group with more than $1.75 trillion managed assets (CHF 1.59 trillion), has appointed Head of Family Office Services APAC Thomas Ang as the Head of Wealth Planning APAC with immediate effect.  Thomas Ang has been with Credit Suisse for more than 13 years, joining from UBS in 2008 and was instrumental in setting up Credit Suisse family office services business in 2011.  Thomas is a veteran in wealth planning and has more than 17 years of experience working with business families in Asia-Pacific, including setting up of family offices, drafting family’s constitution, implementing family governance framework and transition of business and wealth to next generation.  Thomas Ang is also one of the first Family Firm Institute (FFI) Fellows in Asia.  Credit Suisse has been growing fast in Asia-Pacific with 50 net hires of Private Bankers in 2021, attracting top talents and promoting from within.

“ Credit Suisse Appoints Thomas Ang as Head of Wealth Planning APAC “


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Thomas Ang, Credit Suisse Head of Wealth Planning APAC

Thomas Ang Credit Suisse Head of Wealth Planning APAC
  • New Head of Wealth Planning APAC (1st Sept 2021)
  • Head of Family Office Services APAC
  • More than 17 years working with business families in Asia-Pacific
  • One of the first Family Firm Institute (FFI) Fellows in Asia
  • Joined Credit Suisse in 2008
  • Associate Director, UBS (2004 to 2007)


Jennie Lau, Family Office Specialist

In April 2021, Credit Suisse had hired Jennie Lau as Family Office Specialist.  Jennie was the Senior Legal Counsel at one of Hong Kong’s largest family office (Chow Tai Fook Enterprise), where she advised the group on investments, treasury transactions and family office operational governance. 

Jennie was a corporate lawyer in private practice before her family office advisory career, advising on M&A and IPO.


Credit Suisse Key Leadership Appointments in Asia

Credit Suisse Market Group Head, Private Banking Greater China Singapore, Lock Keng Cheong

Credit Suisse Private Bank has been making numerous key leadership appointments recently, growing from within including appointing Lock Keng Cheong (Lock KC) as the new Market Group Head Greater China in Singapore, Dominique Boer as the new Market Group Head Singapore and Alois Müller, Credit Suisse’s Head of Global Private Equity, has taken on the additional newly created role as Head of Private & Alternative Markets Asia-Pacific.

In Southeast Asia, Shirley Law was appointed as Private Bank Market Leader for Singapore, Joyce Low as Market Leader for Malaysia and accomplished banker Malcolm Tay was hired as Deputy Group Head & Market Leader for Indonesia.  Investment Consulting Team Leader for Thailand & Vietnam Tammy Tan was appointed the new Team Leader for Thailand, and Vietnam Market.

In North Asia, Greater China Team Leader John Huang was appointed as the new Greater China Market Leader and Stella Lau joins as Greater China Market Leader.  In Australia, Nicole Dunn as is hired as Private Banking Team Leader for Australia.

(HNW ~ high net worth, UHNW ~ ultra high net worth)



Credit Suisse, $1.75 Trillion AUM

Credit Suisse Hong Kong

In 2021 Q1, Credit Suisse reported total AUM of $1.75 trillion (CHF 1.59 trillion). Credit Suisse has 3 main business groups: Swiss Universal Bank, International Wealth Management (Private Banking) and Asia Pacific. The 3 business groups are supported by Credit Suisse Investment Bank.  (AUM ~ Assets under Management)

For Asia Pacific, Credit Suisse reported CHF 241.9 billion AUM with 630 Relationship Managers in 2021 Q1.

Credit Suisse Assets under Management (AUM):

  • Swiss Universal Bank – Private Clients: CHF 213.1 billion
  • Swiss Universal Bank – Corporate & Institutions: CHF 487 billion
  • International Wealth Management – Private Bank: CHF 386.2 billion
  • International Wealth Management – Asset Management: CHF 458 billion
  • Asia Pacific: CHF 241.9 billion
  • Total: CHF 1.59 trillion / $1.75 trillion

(Net CHF 1.59 trillion AUM after reducing CHF 190.2 billion from assets managed by Credit Suisse Asset Management within International Wealth Management)


Credit Suisse Growing Fast in Asia

Shanghai Pudong City | Leading Financial Centre in Asia

Credit Suisse continues to grow in Asia, and focusing on accelerating growth in North Asia including China.  In Q1 2021, Credit Suisse hired 30 Private Bankers in Asia-Pacific.

Credit Suisse APAC reporting highlights for 1Q 2021:

  • CS APAC delivered record net revenue and adjusted pre-tax income (PTI
  • APAC regional revenue +39% YoY and 20% of Group revenue
  • Client Business Volume at $419 billion
  • APAC division pre-tax income more than doubled YOY
  • Net New Assets $5.4 billion in 2021 Q1


Credit Suisse:

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Credit Suisse

Credit Suisse is one of the world’s leading financial services providers. Our strategy builds on Credit Suisse’s core strengths: its position as a leading wealth manager, its specialist investment banking capabilities and its strong presence in our home market of Switzerland. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland.

Credit Suisse employs approximately 49,090 people. The registered shares (CSGN) of Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.

Visit: Credit Suisse

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2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
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