Investment bank Credit Suisse has hired former UBS executive Matt Pecot to lead its Asia-Pacific prime services business, based in Hong Kong.
In his new role, Pecot will be responsible for spearheading Credit Suisse’s efforts to become a leading prime services provider in the Asia-Pacific region. He will report to Osama Abbasi, head of Asia-Pacific equities, and Philip Vasan, global head of prime services and capital services.
Pecot was head of Asia-Pacific prime services and prime brokerage services at UBS between 2004 and 2007, and subsequently became head of prime brokerage services for the Americas at the bank.
Pecot also held senior positions across equity research, institutional sales and prime services sales and trading at UBS. His 13 years’ experience in the Asia-Pacific region included stints in Hong Kong, Thailand, Indonesia and the Philippines.