Following the departure of its head of Asia-Pacific private banking business, Francesco De Ferrari, to Australian wealth and financial services firm AMP, Credit Suisse calibrated their private banking management hierarchy in Asia.

That move saw Francois Monnet taking on the role of head of private banking North Asia, based in Hong Kong, while Singapore-based Benjamin Cavalli was appointed as head of private banking South Asia.

In the latest move the Swiss wealth manager has appointed a new vice chairman private banking Southeast Asia. In an internal memo seen by The Asset the bank has named a former UBS banker to the role.

According to the memo, veteran banker Eric Kang will rejoin Credit Suisse as vice chairman private banking Southeast Asia, effective January 19, 2019. He will be based in Singapore, reporting to Benjamin Cavalli, head of private banking South Asia and CEO Singapore.

The memo goes on to say that Kang was most recently part of the Global Family Office set-up at UBS Wealth Management where he worked for close to five years. Before that, he covered Southeast Asia clients at Morgan Stanley Private Wealth Management.

Kang has also held several senior positions in fixed income sales and trading at various international banks in Singapore, London and Tokyo, including at Credit Suisse First Boston for seven years managing a fixed income and forex sales and trading team.

In his new role, Kang the memo says will drive business momentum by growing and strengthening the bank's relationship with key clients and stakeholders in Southeast Asia, bringing to clients the full spectrum of Credit Suisse's products and services. Eric will also be involved in strengthening Credit Suisse's human capital through the development of new talent.