Credit Suisse Group taps BNP Paribas bankers for India wealth push

Credit Suisse is on a hiring spree in markets from China to Southeast Asia as it seeks to tap more business with rich Asians and boost revenue in the region

Credit Suisse Group hired nine private bankers from BNP Paribas to build its wealth management business in India and capture “booming demand” in a market dominated by local firms.

The Zurich-based bank recruited one managing director, two directors, three relationship managers and three assistant relationship managers to be based in Mumbai, Benjamin Cavalli, the South Asia private banking head, said in a statement on Tuesday.

“The Indian market has significant opportunities that both our investment banking and wealth management businesses can capture,” Cavalli said. The Swiss bank provides services ranging from financing, debt and capital market transactions, as well as trading, he