Credit Suisse’s China securities JV appoints Tim Tu as CEO
As CEO of CSFS, Tim Tu will be responsible for managing the operations of the business as well as overseeing its strategic direction.
Credit Suisse today announces three senior appointments to its China securities joint venture, Credit Suisse Founder Securities Limited (CSFS).
CSFS board of directors has appointed Tim Tu as CEO of the joint venture, while current CEO Minsheng Wang has been appointed as Vice Chairman of CSFS. In addition, Daniel Qiu will take on the role as Head of Investment Banking & Capital Markets (IBCM) for the joint venture. These appointments will be effective in due course.
As CEO of CSFS, Tim Tu will be in charge of managing the operations of the business as well as overseeing its strategic direction. He will focus on aligning CSFS with Credit Suisse’s broader Greater China strategy and strengthening its overall capabilities.
Tim Tu joined Credit Suisse in 2016 from Standard Chartered Bank, bringing broad experience in the financial services industry. As Head of Structuring, Greater China in the bank’s Asia Pacific Financing Group (AFG), Tim Tu has been responsible for the origination and structuring of financing solutions for entrepreneur and corporate clients in Greater China.
In the newly created role as Head of IBCM for CSFS, Daniel Qiu will be responsible for driving growth initiatives for the securities joint venture’s underwriting and advisory business in China, working in close collaboration with Credit Suisse’s Greater China and regional IBCM teams to deliver a comprehensive investment banking platform to both onshore and international clients. Daniel Qiu has been with Credit Suisse since 2010 and has over 20 years of investment banking experience.
Minsheng Wang has more than 25 years of experience in China’s financial industry, across investment banking and brokerage businesses. He joined CSFS in 2009 and was appointed CEO of the joint venture in 2014.
Last month, Credit Suisse appointed Janice Hu, Vice Chairwoman for China at Credit Suisse as Chairwoman of CSFS. A veteran investment banker with a strong track record as a client-focused, results-oriented leader, Janice Hu is one of the most experienced China bankers in the industry and has been with Credit Suisse for almost two decades.
As FinanceFeeds has reported, in June, Credit Suisse announced the completion of the transaction to become a majority shareholder in CSFS.