Credit Suisse Boosts Asia Hiring to Tap Fast Growing Markets
Cathy Chan, Bloomberg News A Credit Suisse logo in a window of the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Thursday, April 8, 2021. Credit Suisse Chief Executive Officer Thomas Gottstein gathered dozens of managing directors at the global bank on a conference call late Tuesday, as part of crisis-management efforts after the lender announced that it stands to lose as much as $4.7 billion amid the meltdown of hedge fund Archegos Capital Management. Photographer: Stefan Wermuth/Bloomberg , Bloomberg
(Bloomberg) Credit Suisse Group AG has boosted its headcount by more than 100 across Asia-Pacific this year as the Swiss lender seeks to increase the share of revenue it draws from the regionâs fast-growing markets.
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Credit Suisse Group boosts hiring across Asia-Pacific to tap fast-growing markets
May 7, 2021 | 12:04 am
REUTERS
CREDIT SUISSE Group AG has boosted its headcount by more than 100 across Asia-Pacific this year as the Swiss lender seeks to increase the share of revenue it draws from the region’s fast-growing markets.
Almost half of the net hires were done since mid-March, according to people familiar the matter, a period during which the bank has grappled with the fallout from its ties to collapsed family office Archegos Capital Management and supply chain financier Greensill Capital. The number excludes its India operations and information-technology center, the people said, asking not to be named discussing hiring.
Reuters Reuters
28 April, 2021, 6:14 am
FILE PHOTO: British National Overseas passports (BNO) and Hong Kong Special Administrative Region of the People s Republic of China passports sit on top of baggage in Hong Kong, China, December 17, 2020. REUTERS/Tyrone Siu
HONG KONG (Reuters) -An immigration bill on Hong Kong’s legislative agenda for Wednesday would give authorities virtually unlimited powers to prevent residents and others entering or leaving the former British colony, lawyers, diplomats and rights groups say.
The government says the bill merely aims to screen illegal immigrants at source amid a backlog of asylum applications, and does not affect movement rights.
By Pak Yiu
HONG KONG, April 26 (Reuters) - An immigration bill on Hong Kong s legislative agenda for Wednesday would give authorities virtually unlimited powers to prevent residents and others entering or leaving the former British colony, lawyers, diplomats and rights groups say.
The government says the bill merely aims to screen illegal immigrants at source amid a backlog of asylum applications, and does not affect movement rights.
But lawyers say it empowers authorities to bar anyone, without a court order, from entering or leaving Hong Kong and fails to prevent indefinite detention for refugees.
The government, which has pushed Hong Kong onto an increasingly authoritarian path since Beijing imposed a sweeping national security law in 2020, faces no official opposition after democratic lawmakers resigned en masse last year in protest at the disqualification of colleagues.