Jul 27, 2024 05:16 PM
FINANCE
Former Credit Suisse Exec Appointed HSBC China’s Head of Global Banking, Document Shows
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Pedestrians wearing protective masks walk past a HSBC branch in Hong Kong, in September 2020. Photo: VCG
A former China CEO of Credit Suisse AG has been appointed head of global banking at HSBC Bank China Co. Ltd., according to an internal company document seen by Caixin.
The appointment, set to take effect Monday, will see Tang Zhenyi oversee the global banking department’s customer connections, lead an onshore product team and assist global clients in entering the Chinese market, according to the document.
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- Tang Zhenyi, former China CEO of Credit Suisse, is appointed head of global banking at HSBC Bank China, effective Monday.
- Tang will oversee customer connections, lead an onshore product team, and assist global clients entering China, based in Shanghai.
- His experience includes roles at China’s Ministry of Finance, the World Bank, CITIC Group, and SenseTime.
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Who’s Who
- Credit Suisse AG
- Credit Suisse AG is a global financial services company offering a range of financial solutions including investment banking, asset management, and retail banking. Tang Zhenyi, who previously served as the China CEO for Credit Suisse, will now head global banking at HSBC Bank China Co. Ltd. Credit Suisse has a notable presence in China’s financial sector.
- HSBC Bank China Co. Ltd.
- HSBC Bank China Co. Ltd. is a subsidiary of HSBC Holdings PLC, specializing in providing global banking services, including tailored funding solutions to multinationals, financial institutions, government agencies, and other institutional customers. Tang Zhenyi has been appointed head of global banking at HSBC China to oversee customer connections, lead an onshore product team, and help global clients enter the Chinese market.
- SenseTime Group Inc.
- SenseTime Group Inc. is a Chinese artificial intelligence specialist. Tang Zhenyi, who was appointed head of global banking at HSBC Bank China, previously served as a vice president at SenseTime. During his tenure, he was responsible for stipulating and implementing the firm’s capital market strategies.
- CITIC Group Corp.
- CITIC Group Corp. is a Chinese state-owned conglomerate. Tang Zhenyi joined the company in 2011 and held several senior positions, including head of the office of the board of directors. CITIC Group operates across multiple industries including financial services, resources and energy, manufacturing, real estate, and engineering contracting.
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What Happened When
- 1995：
- Tang started working for China’s Ministry of Finance, focusing on establishing and maintaining partnerships with international financial organizations including the World Bank and Asian Development Bank.
- 2001：
- Tang served as a China executive director at the World Bank’s headquarters.
- 2005：
- Tang concluded his role as a China executive director at the World Bank’s headquarters.
- 2006：
- Tang returned to China’s Ministry of Finance as a deputy director-level cadre.
- 2011：
- Tang joined CITIC Group Corp. and held several senior positions including head of the office of the board of directors.
- 2019：
- Tang joined Credit Suisse as CEO of its China operations.
- 2021：
- Tang transitioned to SenseTime as a vice president.
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