Sunday, 22nd November 2009

 

Credit Suisse Hires Tan As Asia Economist For Private Banking

Credit Suisse Group said Monday it has hired Joseph Tan as chief economist for private banking in the Asia-Pacific region.

Tan will join the firm's economics, foreign exchange, and commodities team that provides research to private banking clients in the region, Credit Suisse said in a statement.

Tan previously worked as a senior strategist at Fortis Bank.

-By John Jannarone, Dow Jones Newswires; 65 6415 4153; john.jannarone@dowjones.com

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

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