WSJ – Credit Suisse said Thursday it has hired long-time Nomura Holdings Inc. hedge-fund executive Aditi Velakacharla to run a Hong Kong-based group at the bank that introduces its Asian hedge fund clients to potential investors.
The Swiss bank is a major player in the Asian hedge fund industry, currently ranked as the second-largest prime broker in the region by assets under management after Goldman Sachs Group Inc., according to an annual survey by industry publication AsiaHedge. The bank’s prime-brokerage unit services roughly $21.5 billion of Asian hedge fund assets.
