Credit Suisse has tapped Johnson Chui as its new head of equity capital markets for Asia Pacific as the Swiss bank shakes up its ranks in the region, according to a person familiar with the situation.

Credit Suisse has been trying to grow the profitability of its Asian business even as it scales back parts of its investment banking operations and emphasises wealth management. Credit Suisse Chief Executive Tidjane Thiam has touted Asia as a key area of expansion for the bank.