Credit Suisse has appointed Mervyn Chow and Zeth Hung as co-heads of equity capital markets for non-Japan Asia, according to an internal announcement. The pair, who has been with Credit Suisse for 10 years, will effectively take over the day-to-day running of ECM after Vikram Malhotra accepted an expanded role as co-head of the investment banking department (IBD) for Asia-Pacific last month.

Chow and Hung both joined Credit Suisse in 1998 and have led the origination and execution of many of the bank's notable equity transactions since then, including the landmark initial public offerings for China Life Insurance, China Construction Bank and Industrial and Commercial Bank of China. According to the internal memo, they are well qualified to lead the ECM franchise in the region, given their "extensive knowledge of the marketplace and their proven ability to deliver results".

Chow has spent most of his time with Credit Suisse as an ECM banker, while Hung's IBD background includes stints as a member of the corporate finance and China teams as well as the financial institutions group. Their new appointments are effective immediately.

Read full article here.