Swiss private banking giant Credit Suisse is reportedly planning to lay off half of the employees at its investment banking arm in mainland China, media firm Caixin has reported.
The revamp initiated by the group included setting up a new management team. The company appointed veteran investment banker Janice Hu as the head of the majority-owned JV Credit Suisse Founder Securities (CSFS).
This position was formerly helmed by Gao Li.
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