Harvey returns to Credit Suisse as Asia head of asset management

Former Credit Suisse Asia head of investment banking Neil Harvey will return to the bank on February 1 as Hong Kong-based head of asset management for Asia-Pacific.

He also becomes global head of emerging markets for the asset management division, a newly created post that sends out a strong signal of intent regarding Asia's global importance.

Harvey was previously deputy chief executive and international-division chairman at investment banking and asset management firm Renaissance Group. Having joined the company in 2006, he split his time between London and Moscow.

Salman Shoaib, who has led Credit Suisse's Asia-Pacific asset management business for 18 months, moves to Singapore as Asia-Pacific head of corporate development across all divisions of the bank. He will be responsible for co-ordinating long-term cross-divisional strategic development and key account management planning for the bank in the region.

Spokeswoman Josephine Lee says the bank has not previously appointed anyone at this high a level to run the corporate development team.

Shoaib also assumes the role of branch manager and senior corporate officer for Singapore. He will report to Asia-Pacific CEO Kai Nargolwala and Nick Adamus, head of one bank collaboration and head of corporate development in Zurich.

Much has changed at Credit Suisse since Harvey's departure. The bank's asset management business now has a sharpened focus on alternative investments and institutional business, following the sale of its traditional long-only business to Aberdeen Asset Management in 2008.

Harvey left the Swiss bank in 2002 to set up Bennelong Asset Management, a multi-strategy hedge fund focused on the Asia-Pacific region. His 10-year career at the Swiss bank spanned many roles and regions, the last of which was Asia head of investment banking in Hong Kong.

During his tenure at Credit Suisse, Harvey held various other positions, including global head of emerging-market fixed-income distribution, and ran businesses in Africa, Latin America, the Middle East and Turkey. Before joining the bank in 1993, he worked at Macquarie Bank in Australia.