In the latest relocation of an important banking leadership post to Asia, Credit Suisse is moving the head of its global financial institutions group from New York to Hong Kong.
Vikram Gandhi will move to Hong Kong this summer and will remain head of the global financial institutions group, FinanceAsia reported. "Gandhi will continue to oversee business and maintain key client relationships in the Americas but is expected to devote a significant portion of his time to Asia and Europe," the article said.
He'll continue to report to global investment banking co-heads Jim Amine and Marc Granetz, and to the heads of global securities. "Global talent transfers are increasingly important for us to continue our momentum," the bank said in an internal memo cited by FinanceAsia.
Gandhi joined Credit Suisse in 2005 as head of the global financial institutions group. He had co-led a similar group within Morgan Stanley, where he previously served as president of Morgan Stanley India and head of strategy for the institutional securities business.
Other high-level transfers to Asia this year include Deutsche Bank's move of global equity trading head Noreddine Sebti from New York, and Rabobank handing oversight responsibility for global equity and fund derivatives business to its Asia-Pacific financial markets head, Donal Galvin.