Global investment bank Credit Suisse has appointed a new head of capital services in Asia-Pacific in an attempt to reconnect with its hedge fund client base in the region.
Benjamin Happ, previously head of business development at alternative investment firm Abax Global Capital, assumes the position, and will also be charged with introducing non-Asian hedge funds to local investors with increasingly broad investment remits.
He will work closely with Credit Suisse’s Asia-Pacific prime services coverage team to handle the capital needs of the firm’s current clients and pitch for prime services mandates from the region’s hedge fund managers.
Happ will be based in Hong Kong, and report regionally to Kevin Meehan, head of prime services coverage, Asia-Pacific, and functionally to Edgar Senior, global head of capital services at Credit Suisse.
Happ’s appointment closely follows that of Matt Pecot as head of prime services, Asia-Pacific, in May. According to Credit Suisse, hedge fund business in the Asia-Pacific region is a key client business for its equities division.