Credit Suisse to Double Asia Staff in Two Years

Credit Suisse could double its workforce in Asia in the next two years, after it initiated a drive to hire up to 4,000 more employees in the region.

A spokeswoman for the Swiss financial group confirmed the plan, overseen by chief executive Oswald Grübel, to hire between 2,000 to 4,000 "over a couple of years".

The bank already has 4,000 employees in the region.

The Asian operations will be expanded through new hires and the relocation of current Credit Suisse staff, although exact numbers have not yet been decided, she added.

The hires will cover investment banking, asset management and private banking. Credit Suisse will also strengthen its back office.

Earlier this year it rented new premises in Singapore after announcing it was to hire 900 support staff in the country.

The spokeswoman said the hiring spree was "driven by the increasing business in the Asia Pacific".