Banking group Credit Suisse wants to boost its wealth management business by building up its China onshore presence and expanding elsewhere in the Asia-Pacific region.
David Mathers, chief financial officer told Reuters, that said the group was looking to increase its interest in its securities joint venture to 100% “as soon as realistically possible”.
It also wants to expand its private banking operation in the country.
Mathers said: “We are looking at what other license applications we can make in China to expand our onshore private banking interests.
“Clearly, we’re also very interested in our activities around the Asia Pacific region, not just directly in China, but in other markets as well.”