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Head of Credit Suisse China securities JV steps down

Head of Credit Suisse China securities JV steps down

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at an an office building in Zurich May 9, 2014. REUTERS/Arnd Wiegmann

ZURICH : The head of Credit Suisse's securities joint venture in China, Tim Tu, has stepped down to pursue other opportunities within the Swiss bank, a spokeswoman said.

Daniel Qiu has been appointed interim CEO of the CSSCL venture, effective immediately. He assumes the role alongside his existing responsibilities as Head of Investment Banking & Capital Markets (IBCM) at CSSCL.

Tu was appointed CEO of CSSCL in July 2020 after Credit Suisse obtained a majority stake in the joint venture.

Source: Reuters

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