Ex-Credit Suisse people are starting to appear in curious places in Singapore
If you are a top dog trader at a major bank in a city like Singapore, there are more than a few options available to your career when that bank dissolves. Sometimes, you take the most curious one.
David Leung has reappeared. And he’s taken on the role of head of fixed income, currencies, and commodities (FICC) in Singapore for Huatai, a rather small Chinese investment bank.
Leung was a long-time Credit Suisse trader fixed income trader, and built the firm’s emerging markets desk. "He was one most the prominent and professional traders in the Asian EM space," one former colleague told us at the time.
After Credit Suisse’s fall, Leung took on an important role at new owner UBS: running the bank’s non-core and legacy business in the Singapore to unwind Credit Suisse’s legacy portfolios in the city. According to a source at the bank, this was done ahead of schedule, and Leung subsequently departed UBS at the end of last year. After his departure, he spent time travelling, we understand.
Still, moving from a dismantling role at major international bank to a building role to a much smaller regional one is an interesting choice. Huatai has 248 offices in mainland China, and just three subsidiaries listed on its website outside of it: Singapore, Hong Kong, and the US.
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