Credit Suisse Battles With Latest Senior Official Departure In Asia Region

Credit Suisse Group AG's CS Singapore Chief Executive Officer, Chien Chien Wong, is reportedly stepping down to pursue outside interests.
She will be replaced by Rehan Anwer, in addition to his current job as CEO of Southeast Asia, according to internal memos seen by Bloomberg. A spokeswoman for the bank confirmed the contents of the memos.
Most recently, the Asia-Pacific vice chairman of investment banking & capital markets, Zeth Hung, and Young Jin Yee, the deputy CEO of Asia-Pacific wealth management, resigned.
Wong began her career with CS First Boston in 1992 and has held key leadership roles across Singapore, Hong Kong, and New York.
Dominique Boer will take on the role of Deputy CEO of Singapore.
Last week, Bloomberg reported that Credit Suisse cut the headcount of the CS First Boston business by 20% in Q4.
Credit Suisse posted a Q4 loss of CHF 1.4 billion. Revenue slid 33% to CH 3.1 billion on a 74% decline in investment bank business, and wealth management revenue fell 17%. Asset management's sales fell 28%.
Price Action: CS shares are down 1.63% at $3.01 during the premarket session on the last check Friday.