Swiss banking group Credit Suisse intends to increase its stake in its China securities joint venture (JV) to 100% after securing the regulatory nod.
The plans were revealed by the bank's Asia business head Helman Sitohang to Reuters.
Last month, Credit Suisse concluded the deal to acquire a majority stake in its China securities JV, Credit Suisse Founder Securities (CSFS).
Janice Hu, who has been with Credit Suisse for almost two decades, will chair the JV.
The value of the JV has not been revealed.
